Question 3 (5 marks)
What is a banking industry code of conduct?
Question 4 (10 marks)
Br...
Question 3 (5 marks)
What is a banking industry code of conduct?
Question 4 (10 marks)
Briefly comment on how following terms are connected in the financial system. Your
response must tell a story and link them up.
(a) Commercial banks
(b) Financial markets
(C) Financial products
(d) Borrowing and lending
(e) Interest rate
(1) Interest revenue
Question 5 (14 marks)
Name at least five (5) bank assets; five (5) bank liabilities; and five financial products,
Question 6 (5 marks)
Identify at least two laws that govern the operations of banks in PNG?
Question 7 (5 marks)
Distinguish the difference between fixed interest loans and variable interest loans.
Answers: 2
Other questions on the subject: Business
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On january 15, the end of the first biweekly pay period of the year, north company’s payroll register showed that its employees earned $32,000 of sales salaries. withholdings from the employees’ salaries include fica social security taxes at the rate of 6.2%, fica medicare taxes at the rate of 1.45%, $3,000 of federal income taxes, $772 of medical insurance deductions, and $260 of union dues. no employee earned > $7,000 in this first period. prepare the journal entry to record north company’s january 15 (employee) payroll expenses and liabilities.
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Business, 22.06.2019 16:00, ella3714
Three pounds of material a are required for each unit produced. the company has a policy of maintaining a stock of material a on hand at the end of each quarter equal to 30% of the next quarter's production needs for material a. a total of 35,000 pounds of material a are on hand to start the year. budgeted purchases of material a for the second quarter would be:
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Business, 22.06.2019 19:10, lizzlegnz999
After the price floor is instituted, the chairman of productions office buys up any barrels of gosum berries that the producers are not able to sell. with the price floor, the producers sell 300 barrels per month to consumers, but the producers, at this high price floor, produce 700 barrels per month. how much producer surplus is created with the price floor? show your calculations.
Answers: 2
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