what convinced j. p. morgan and the united states government that oversight of the banking system was needed?
Answers
The Panic of 1907 was a pivotal event that convinced J.P. Morgan and other influential bankers of the need for oversight of the banking system. The crisis was sparked by a failed attempt to corner the market on the stock of the United Copper Company, which led to a run on the Knickerbocker Trust Company, one of the largest banks in New York City.
The panic quickly spread to other banks, and there were widespread runs on deposits and withdrawals of cash. J.P. Morgan was called upon to help resolve the crisis, and he organized a group of bankers to provide emergency loans to troubled banks and other financial institutions. His actions helped to stabilize the financial system, but he recognized that such ad-hoc measures were not a long-term solution. Morgan and others believed that a more formalized system of oversight and regulation was needed to prevent future crises. They saw the need for a central banking system that could provide liquidity to the banking industry, regulate the money supply, and set interest rates. This would require a greater degree of government involvement in the banking system, something that had not been seen before in the United States.
The Federal Reserve System was established in 1913 as a response to this need. The system was designed to provide a central banking authority that could oversee the banking industry and help to prevent financial crises. It was given the power to regulate the money supply, set interest rates, and provide emergency loans to troubled banks. They recognized that a more formalized system of regulation was necessary to prevent future crises, and the establishment of the Federal Reserve System was a response to this need.
To know more about Banking System visit:
https://brainly.com/question/14338832
#SPJ11
Related Questions
f interest rates rise but the quantity of loanable funds demanded and supplies remains constant, this implies that Group of answer choices the demand for loanable funds decreased while the supply increased. both the demand and the supply of loanable funds increased. both the demand and the supply of loanable funds decreased. the demand and the supply of loanable funds both remained the same. the demand for loanable funds increased while the supply decreased..
Answers
Answer:
The demand and the supply of loanable funds both remained the same.
Explanation:
If the interest rates rise, but both demand and supply of loanable funds remanin constant, this means that demand and supply remained the same.
This would be a problem in the real world, because when interest rates rise, what should happen is that the supply of funds rise, while demand falls, because a rise in interest rates makes investment more expensive since interset rates are simply the price of the loanable funds.
please help me with this match the column if i get perfect answer then i will give brainliest
Answers
Answer:
what do you need help on
Explanation:
a 2-year treasury security currently earns 3.14 percent. over the next two years, the real risk-free rate is expected to be 1.70 percent per year and the inflation premium is expected to be 0.30 percent per year. calculate the maturity risk premium on the 2-year treasury security
Answers
Maturity risk premium is calculated as 3.14 percent, 1.70 percent, and 0.30 percent. 1.14% is the maturity risk premium.
The expected rates of return on longer-term assets are often greater than rates on shorter-term securities in order to reward investors for taking on more risk. The maturity risk premium is the name for this.
In contrast to the maturity risk premium, which is money provided by the corporation to bond holders, liquidity risk is an occurrence of capital loss. When a short-term financial emergency lowers an asset's value, liquidity risk is present, whereas maturity risk premium is for long-term bond investments.
To know more about Maturity risk
https://brainly.com/question/14827805
#SPJ4
Your new health insurance has a $4000 deductible. What does that mean?
Answers
List 3 responsibilities that a consumer has when making a purchase.
check receipt, know the return policy, read the fine print
Answers
Answer:
1 searching for information about de goods
2 realizing the need of something
3 evaluating different products
A consumer's responsibilities include checking receipts, knowing the return policy, and reading the fine print.
Responsibility of a Consumer
Every consumer has basic responsibilities they need to adhere to when making a purchase. This is done to protect their right via consumer laws and these responsibilities includes
check the receipt of the purchaseknow the return policyread the fine print.When a consumer makes a purchase, s/he is required to check the receipt to avoid overbilling or charges from done intentionally or not. Knowing the return policy and reading the fine print would guide you in the use of the product.
Learn more about consumer here brainly.com/question/380037
brainly.com/question/380037
#SPJ2
Identify the careers that match the descriptions.
Checks to make sure that laws and regulations are followed for pollution and waste disposal:
Organizes waste materials for processing into new products and substances:
Operates machinery for treating water for human use:
Uses design skills to solve and prevent environmental problems:
Cleans up and disposes of toxic chemical and fuels:
Options
A. Recycling and Reclamation Worker
B. Water and Wastewater Treatment Plant and System Operator
C. Hazardous Materials Removal Worker
D. Environmental Compliance Inspector
E. Environmental Engineer
Answers
1- Enviromental Compliance inspector (D)
2- Recyling and Reclamation Worker(A)
3-Water Treatment Plant and System Operator (B)
4-Enviromental Engineer (E)
5-Hazardous Materials Removal Worker(C)
Mary is a stay-at-home mother whose husband died. She has two small
children to care for, and her husband was the primary wage earner for their
family. What Social Security benefits would care for Mary and her children?
A) retirement benefits
B) disability benefits
C) survivor’s benefits
D) worker’s compensation
Answers
Answer:
The answer that I think would be correct is option C (survivors benefits)
Explanation:
Retirement benefits definition: a form of social insurance payment made by the US Social Security (for age 62 and older) considering that Mary has two small kids, she probably isn't that old.
Disability benefits: in order to be eligible, you have to be unable to do regular or customary work for at least right days. Considering the fact that Mary is a stay at home mother then she wouldn't be employed.
Survivors benefit: this allows a retiree to ensure after death, a continuous lifetime annuity for their dependents.
Workers compensation: provision of benefits to employees who suffered work related injuries. Mary's husband most likely didn't die in the work place.
Payments are made after verification of the completion and acceptance of all work and the presentation of a:______.
Answers
Payments are made after verification of the completion and acceptance of all work and the presentation of a Properly executed voucher.
A voucher is a document used by an organization's accounts payable department to collect and file all supporting documents required to approve the payment of a liability. Governments may also issue vouchers that can be redeemed for a variety of programs such as school choice, housing, or social welfare initiatives.
A voucher is essentially a backup document for accounts payable, which are bills owed to vendors and suppliers by businesses. A voucher may contain documents such as the supplier's invoice, the amount owed, the due date, general ledger accounts, and shipping receipts. The voucher is significant because it serves as an internal accounting control mechanism, ensuring that all payments are properly authorized and that the goods or services purchased are actually received.
Learn more about voucher here:
https://brainly.com/question/28175902
#SPJ4
Which of the following would be more typically the responsibility of a controller rather than a treasurer?A) Overseeing accounting and tax functionsB) Capital budgetingC) Managing creditD) Making investment decisions
Answers
overseeing accounting and tax functions would be more typically the responsibility of a controller rather than a treasurer.
Who is considered as treasurer?An organization's treasurer is in charge of managing its finances. Cash and liquidity management, risk management, and corporate finance are among a corporate treasurer's important primary responsibilities. The major responsibilities of a treasurer include supervising the organization's financial management, reviewing policies and financial reporting, advising the board on financial strategy, and providing fundraising advice. A treasurer, often known as a financial controller, is responsible for supervising all financial activities and fundraising attempts made by an organizing committee. Their main responsibilities include managing incoming and outgoing funds, maintaining records, and establishing the budget.A controller, not a treasurer, would normally be in charge of supervising accounting and tax functions.To learn more about treasurer refer to:
https://brainly.com/question/24180593
#SPJ4
which of the following best describes a disadvantage of geothermal energy production? responses geothermal energy production is a significant source of noise pollution. geothermal energy production is a significant source of noise pollution. geothermal energy implementation in homes and businesses has a high upfront cost, and electricity is needed to operate pumps. geothermal energy implementation in homes and businesses has a high upfront cost, and electricity is needed to operate pumps. geothermal energy generation costs remain stable when gas and oil prices increase. geothermal energy generation costs remain stable when gas and oil prices increase. geothermal energy is weather dependent and can be generated only at certain times of the year.
Answers
Production of geothermal energy is a substantial source of noise pollution. Building geothermal plants requires access to energy sources.
Which of the following is a drawback of geothermal energy?The main drawbacks of developing geothermal energy are the expensive initial investment costs for building the infrastructure and facilities as well as the significant risk of proving the resources.
Which of the following features of geothermal energy use can be costly to maintain?Geothermal energy requires very little upkeep. Geothermal power is environmentally friendly. It generates only one-sixth of the carbon dioxide that a clean natural gas power plant emits. In comparison to conventional energy, geothermal energy is less expensive.
To know more about geothermal energy visit :-
https://brainly.com/question/1061324
#SPJ1
The Paulson Company's year-end balance sheet is shown below. Its cost of common equity is 16%, its before-tax cost of debt is 9%, and its marginal tax rate is 25%. Assume that the firm's long-term debt sells at par value. The firm’s total debt, which is the sum of the company’s short-term debt and long-term debt, equals $1,126. The firm has 576 shares of common stock outstanding that sell for $4.00 per share.
Answers
The year-end balance sheet contains important financial information about a company, which includes a list of its assets, liabilities, and equity at the end of the fiscal year.
It is an essential tool for analyzing a company's financial performance and overall health. What is a balance sheet?A balance sheet is a financial statement that summarizes a company's assets, liabilities, and shareholders' equity at a specific point in time. It provides a snapshot of a company's financial position and helps investors and creditors assess its financial strength and stability.
A company's assets include anything that has value and can be converted into cash, such as cash and cash equivalents, accounts receivable, inventory, property, plant, and equipment, and long-term investments. Its liabilities include any obligations or debts that the company owes to creditors or other parties, such as accounts payable, accrued expenses, and long-term debt. Shareholders' equity is the residual interest in the company's assets after deducting its liabilities, which includes common stock and retained earnings.
Learn more about balance sheet: https://brainly.com/question/1113933
#SPJ11
which new deal agency was created to specifically serve this population? (16e) question 3 options: federal housing administration securities and exchange commission federal deposit insurance corporation social security administration
Answers
Federal housing administration securities which new deal agency was created to specifically serve this population. The correct option is A.
What was the purpose of the New Deal?The New Deal had three objectives: relief, recovery, and reform. Relief meant that the president wanted to help those in need right away by creating jobs, bread lines, and welfare. The goal of recovery was to fix the economy and put an end to the Depression.
During the Great Depression, President Franklin D. Roosevelt instituted a series of programs and projects aimed at restoring prosperity to Americans. When Roosevelt took office in 1933, he moved quickly to stabilize the economy, create jobs, and provide relief to those in need.
Thus, the ideal selection is option A.
Learn more about the New Deal here:
https://brainly.com/question/815650
#SPJ1
Evan obtained a loan of $12,500 at 4.2% compounded quarterly.
How long (rounded up to the next payment period) would it take to
settle the loan with payments of $2,810 at the end of every
quarter?
Answers
Evan obtained a loan of $12,500 at 4.2% compounded quarterly. To settle the loan with payments of $2,810 at the end of every quarter, the question is how long (rounded up to the next payment period) it would take Let t be the time it takes to settle the loan, i.e., the time between the first payment and the last payment.
We know that the quarterly interest rate, r is `4.2/4 = 1.05%` and the loan amount is $12,500. The payments at the end of each quarter are $2,810 each. Then the amount of the loan after t quarters is given by:A(t) = (12,500(1 + 0.0105)^(t)) − 2,810[((1 + 0.0105)^(t) − 1) / 0.0105] Now we solve for t by setting the amount of the loan after t quarters equal to zero, since this will be the time required to settle the loan completely.12,500(1 + 0.0105)^t − 2,810[((1 + 0.0105)^t − 1) / 0.0105] = 0We can solve this equation for t by trial and error, or we can use a financial calculator or spreadsheet.
We can also solve it approximately using the Newton-Raphson Method. Using Newton-Raphson with a starting guess of t0 = 5, we obtain the following values:t1 = 4.697685057 years (or approximately 4.70 years)t2 = 4.697667788 years (or approximately 4.70 years)t3 = 4.697667788 years (or approximately 4.70 years)Thus, it would take approximately 4.70 years (or 19 quarters) to settle the loan with payments of $2,810 at the end of every quarter.
To know more about quarterly visit:
https://brainly.com/question/32688976
#SPJ11
Why is creating an entrepreneurial team a good idea?
Answers
griffin service company, incorporated, was organized by bennett griffin and five other investors (that is, six in total). the following activities occurred during the year: received $90,000 cash from the six investors; each investor was issued 10,400 shares of common stock with a par value of $0.20 per share. signed a five-year lease for $180,000 for the right to use a building each year. purchased equipment for use in the business at a cost of $38,000; one-fourth was paid in cash and the company signed a note for the balance (due in six months). signed an agreement with a cleaning service to pay $320 per week for cl
Answers
The recording of the transactions in the T-accounts for the Griffin Service Company Incorporated is given below.
Cash Account
Account Titles Debit Credit
Common stock $12,480
Equipment $9,500
Additional Paid-in Capital $77,520
Common Stock $600
Additional Paid-in Capital $4,400
Note Receivable $4,500
Common Stock
Account Titles Debit Credit
Cash $12,480
Cash $600
Additional Paid-in Capital
Account Titles Debit Credit
Cash $77,520
Cash $4,400
Lease Assets
Account Titles Debit Credit
Lease Liability $180,000
Lease Liability
Account Titles Debit Credit
Lease Assets $180,000
Equipment
Account Titles Debit Credit
Cash $9,500
Note Payable $28,500
Note Payable
Account Titles Debit Credit
Equipment $28,500
Land
Account Titles Debit Credit
Additional Paid-in Capital $35,00
Note Receivable
Account Titles Debit Credit
Cash $4,500
Hence, T-accounts is an accounting term which is usee to describe the ledger accounts.
To learn more about T-accounts here:
https://brainly.com/question/14286219
#SPJ1
Information systems in business can be divided into _____________________ support system and ______________________ support system.
Answers
Consequently, operations support systems and management support systems can be used to categorize information systems in the corporate world.
Transaction processing systems, management information systems, decision-support systems, and executive support systems are the four most prevalent forms of information systems. There are six main types of information systems. After covering the fundamentals, let's examine the six main categories of information systems.
Although this list is not exhaustive, most corporations and organizations have the following six information systems, each of which supports a distinct organizational level. Information systems come in many different forms, including database management systems, transaction processing systems, decision support systems, knowledge management systems, learning management systems, and office information systems.
To learn more about information, click here.
https://brainly.com/question/13629038
#SPJ1
which of the accounts below would be classified as a plant asset? (check all that apply.) multiple select question. building vehicles equipment accounts receivable office supplies
Answers
The building and vehicles accounts would be classified as plant assets.
Building: A building is a long-term asset used by a company for its operations, such as office space or production facilities. It is a tangible asset that provides long-term value and is not intended for immediate sale.
Vehicles: Vehicles used for business purposes, such as delivery trucks or company cars, are also classified as plant assets. They are tangible assets that contribute to the company's operations and are expected to provide long-term economic benefits.
While the other items mentioned in the question (equipment, accounts receivable, and office supplies) are important for a company's operations, they are not classified as plant assets. Equipment, like machinery or tools, falls under the category of plant assets
learn more about plant assets here
brainly.com/question/17643298
#SPJ11
Amber showed up to the conference room five minutes before her presentation, which was to begin at 2 P.M. This was the first time she had been to conference room #9, and she assumed that it had a projector. Unfortunately, it didn't. After noticing this fact, she rushed to an adjacent room to borrow one. She was able to do so, and finished setting up her equipment at 2:15. She had to borrow a laptop as well, since the room did not have a computer. 1. Think carefully about what happened to Amber's presentation. In your estimation, what was her first mistake?
Answers
Answer:
She should have come earlier so that she could prepare for her presentation, and if she knew she needed specific equipment then she should have asked someone if the room had it.
Explanation:
So basically just not coming early and prepared.
on january 1 of this year, altos company issued a bond with a face value of $16,000 and a coupon rate of 2 percent bond. the bond matures in three years and pays interest each december 31. when the bond was issued, the annual market rate of interest was 3 percent. altos company uses the effective-interest amortization method. required: 1. complete a bond amortization schedule for all three years of the bond’s life. 2. what amounts will be reported on the income statement and balance sheet at the end of year 1 and year 2?
Answers
The bond amortization schedule for all three years shows an annual interest expense of $320, with no amortization of the bond discount or premium. The amounts reported on the income statement are $320 for both years, while the bond carrying value on the balance sheet is $16,000 for both years.
1. To complete a bond amortization schedule for all three years of the bond's life, we need to calculate the annual interest expense, interest paid, and the amortization of the bond discount or premium for each year.
a) Year 1:
- The annual interest expense is calculated by multiplying the face value of the bond ($16,000) by the coupon rate (2%): $16,000 * 2% = $320.
- The interest paid is the same as the annual interest expense: $320.
- To calculate the amortization of the bond discount or premium, we subtract the interest paid from the annual interest expense: $320 - $320 = $0.
b) Year 2:
- The annual interest expense remains the same: $320.
- The interest paid is the same as the annual interest expense: $320.
- The amortization of the bond discount or premium is again $0.
c) Year 3:
- The annual interest expense remains the same: $320.
- The interest paid is the same as the annual interest expense: $320.
- The amortization of the bond discount or premium is still $0.
2. At the end of year 1 and year 2:
a) Income statement:
- Year 1: The interest expense reported on the income statement is $320.
- Year 2: The interest expense reported on the income statement is again $320.
b) Balance sheet:
- Year 1: The bond carrying value on the balance sheet is the face value of the bond ($16,000) minus the amortization of the bond discount or premium ($0): $16,000 - $0 = $16,000.
- Year 2: The bond carrying value on the balance sheet remains the same: $16,000.
Overall, for all three years, the interest expense reported on the income statement is $320 each year, and the bond carrying value on the balance sheet is $16,000 each year.
Learn more about income statement from the given link:
https://brainly.com/question/33690617
#SPJ11
ow can you use your financial statements analysis assignment to assist you with analyzing companies?
Answers
Financial statement analysis entails reviewing financial reports to gain an understanding of an organization's financial situation. The findings can be used to make lending and investment decisions. As a result, the financial analysis statement assignment will provide me with the analytical skills I need to help me analyse companies.
The balance sheet, income statement, or statement of cash flows of a company are used to evaluate its performance or value. Investors can develop a more nuanced picture of a company's financial profile by employing techniques such as horizontal, vertical, or ratio analysis.
Financial statements are important to investors because they can reveal a lot about a company's revenue, expenses, profitability, debt load, and ability to meet short- and long-term financial obligations.
Internal financial analysis can assist fund managers in making future business decisions or reviewing historical trends for past successes. External financial analysis can assist investors in selecting the best possible investment opportunities.
To know more about Financial statements analysis refer to:-
https://brainly.com/question/20715261
#SPJ4
Production is at its best when minimum cost is used to achieve maximum output with efficiency. You are required to discuss the best production intensive that could help achieve this plan, stating reasons of your chosen production intensive.
Answers
One of the best production intensive that could help achieve maximum output with efficiency is known as lean production.
Why is lean production the best option for achieving maximum output?As a manufacturing methodology, its emphasizes minimizing waste while maximizing productivity by focusing on reducing non-value-added activities such as overproduction, inventory, defects, waiting, overprocessing and unnecessary motion.
By doing so, it helps businesses achieve higher output with fewer resources, less time, and lower costs. The method also encourages continuous improvement, teamwork, and customer satisfaction which allows companies to be more flexible, responsive, and competitive in today's dynamic market.
Read more about lean production
brainly.com/question/14298317
#SPJ1
impressions, clicks, click-through rate, cost per click are all examples of: group of answer choices conversion-related metrics roi-related metrics traffic-related metrics
Answers
Impressions, clicks, click-through rate, and cost per click are all examples of traffic-related metrics. Traffic-related metrics are web analytics metrics that measure the amount of traffic that a website receives.
This may be useful information for website owners and marketers seeking to improve their website's visibility and optimize their advertising efforts. These metrics can include the number of page views, unique visitors, sessions, and bounce rate. The different examples of traffic-related metrics are Impressions: This refers to the number of times an ad is displayed on a web page.
Clicks: This refers to the number of times an ad is clicked on by a user. Cost per click (CPC): This is the average cost for each click on an ad. It is calculated by dividing the total cost of clicks by the total number of clicks. Click-through rate (CTR): This is the percentage of users who click on an ad after viewing it. It is calculated by dividing the number of clicks by the number of impressions.
You can learn more about metrics at: brainly.com/question/29317112
#SPJ11
Two characteristics of an autocratic and democratic leadership style
Answers
Answer:
• You have a highly structured working environment.
• You dictate all the working methods and processes.
Explanation:
PLEASE MARK ME AS BRAINLIEST
Select the examples of workers commonly found in Business, Management, and Administration work environments. Check all that apply.
C folds clothing in a department store.
S leads a meeting in a private conference room.
Jr works in a private office on a computer.
L sets up sound and camera equipment in a theater.
T sits at a desk and answers telephone calls and e-mails.
J measures distances on a construction site.
Answers
Answer:
2, 3, 5
Explanation: your welcome, love.
Every Business, Management, and Administration work employee are the persons work in the office do the paper work and mange all operational and financial work of the organization . Hence option C ; S ; T are correct options
Who is Management and Administration worker ?An administrative employee is someone who oversees other workers who are members of another trade union and who typically work in office administration, construction, security, or maintenance.
Employees who have a common interest with "supervisors" are included by this definition. A general manager, business manager, administrator, director, or other person who has operational or managerial control over, or who directly or indirectly manages, the day-to-day operations of a facility, organization, or agency is referred to as a managing employee.
Management is a methodical approach to controlling individuals and resources within an organization. The act of running the entire organization by a group of people is referred to as the administration.
Planning, coordinating, and coming up with solutions to streamline administrative systems and procedures appointing duties and office space, as well as hiring and training staff.
Learn more about Management Employee here
https://brainly.com/question/13993908
# SPJ 5
why are medical related professions and human resources important?
Answers
Answer:
because sometimes they help us to get some medicine which can be used to cure a particular disease
Deciding to do the right or wrong thing is based on making what type of decision?
ethical
business ethics
unethical
a code
Answers
Answer:
ethical
Explanation:
One necessary condition for deadlock is ______, which states that a process must be holding one resource and waiting to acquire additional resources.
Answers
One necessary condition for deadlock is "mutual exclusion", which states that a process must be holding one resource and waiting to acquire additional resources.
Mutual exclusion means that only one process at a time can access a particular resource. This means that if one process is using a resource, other processes must wait until it is released before they can access it. When a process holds a resource and is waiting for additional resources, it creates a potential for deadlock. Deadlock occurs when two or more processes are waiting for each other to release resources. This means that none of the processes can continue, and the system is effectively stuck.
To prevent deadlock, systems use various techniques such as resource allocation graphs, bankers algorithm, and timeouts. Resource allocation graphs are used to represent the allocation of resources to processes and to detect potential deadlock situations. The bankers algorithm is used to ensure that resources are allocated in a safe and deadlock-free manner. Timeouts are used to prevent processes from waiting indefinitely for resources and to force them to release resources after a certain amount of time.
For more such question deadlock
https://brainly.com/question/29801874
#SPJ11
The vatican’s swiss guard wears a uniform inspired by which famous renaissance painter?.
Answers
The Vatican's swiss guard wears a uniform inspired by famous renaissance painter Raphael.
Who is the Swiss guard?Since 1506, the Swiss Guard has provided protection to the Pope and his home, and this has not been modified. These men also share a desire to learn more about the most recent developments and practices in personal security, as well as a sense of discovery on the international stage.
Raphael (1483-1520 CE) was a painter and architect from Italian background who is considered one of the greatest Renaissance artists. Raphael produced a large body of work in the medium of oil painting, including a large number of masterpieces.
Learn more about the swiss guards, here:
https://brainly.com/question/22952265
#SPJ1
What can be broken, but is never held?
Answers
Answer:
hm well either a heart or a promise?
Explanation:
Case study, simulation, and programmed learning are all examples of Select one: a. participation learning b. transference C. off-the-job learning techniques Od. role-playing Oe. on-the-job learning techniques
Answers
Case study, simulation, and programmed learning are all examples of: C. off-the-job learning techniques.
What is off-the-job learning techniques?Strategies for learning that take place outside from the workplace are known as off-the-job learning strategies. Typical methods for learning outside of the workplace include:
Case studies are real-world examples that may be used to instruct staff members in problem-solving or decision-making.Simulations: Computer-based programmes called simulations let workers hone their abilities in a secure setting.Programmed learning: This self-paced learning approach teaches new content through a sequence of questions and responses.Techniques for learning outside of the workplace can be an important aspect of an employee's growth.Therefore the correct option is C.
Learn more about off-the-job learning techniques here:https://brainly.com/question/31718330
#SPJ4