The process by which commercial banks transform funds provided by savers into funds used by borrowers is called _____.?
A. ?investment banking
B. ?shelf registration
C. ?diversification
D. ?underwriting
E. ?financial intermediation
Answer: E
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Which of the following statements is correct?
A. Data dictionaries are used to track remote dependencies. B. Remote dependencies are checked at compile time. C. Data dictionaries do not track remote dependencies. D. If an object on one database is changed, any remote program units that use or depend on that object is immediately changed to an INVALID status.
Three years from now you will begin receiving annual payments of $7,200. This will continue for 14 years. At a discount rate of 5.8%, what is the present value of this stream of cash flows?
A) $60,534.84 B) $57,216.29 C) $64,045.86 D) $54,523.00 E) $51,253.11
Must the underlier of a derivative transaction be an asset that can be delivered at maturity?
If so, explain why. If not, explain what happens when the contract matures. What are the two major requirements for an underlier to be successful? What will be an ideal response?
Product modifications are often required when entering foreign markets. One approach is to build country specific product features on a global platform. This strategy is known as _______________ and allows the firm to cater to the needs of customers in various markets while controlling production cost.
(a) Global outsourcing (b) Mass customization (c) Multi-domestic production (d) Cross cultural manufacturing