Question 1

Which single financial institution is likely to be best able to meet Hill's small company's needs now? Why?

Accepted Answer

The answer of Which single financial institution is likely to...

Question 2

What is one of the things that the Troubled Asset Relief Program (TARP)allowed the government to do to help financial institutions?

Accepted Answer

The TARP program allowed the government to purchase $250 million in preferred shares from troubled banks.

Question 3

What has challenged the banking industry and has forced it to undergo changes?

Accepted Answer

Rapid advances in technology are challenging the banking industry and forcing it to change.

Question 4

When discussing financial institutions,what is a shrinking capital base?

Accepted Answer

A shrinking capital base happens when the amount of debt in relation to equity is high and may sink below the minimum capital requirements.

Question 5

Which was not a problem during the most recent financial crisis?

Accepted Answer

The most recent financial crisis saw: dramatic declines in bank assets,the collapse of the subprime mortgage market,declining home values and foreclosures across the country,and financial institutions making excessively risky securities.

Question 6

List the various types of U.S.financial institutions and the primary function of each.

Accepted Answer

The answer of List the various types of U.S.financial institutions...

Question 7

What has changed a great deal in recent years,creating difficulties for the banking industry and is forcing it to change?

Accepted Answer

Rapid advances in technology have challenged the banking industry and are forcing it to change.

Question 8

Which is not an area of the banking industry listed in your text as experiencing rapid changes?

Accepted Answer

Online financial services,ATM technology,and bill presentation are just a few of the areas where rapidly changing technology is causing the banking industry to change.

Question 9

In the wake of the financial crisis,what did politicians promise?

Accepted Answer

Legislators vowed to develop and pass legislation that will improve regulation of the financial industry.

Question 10

What is the product Dr.Hill has developed?

Accepted Answer

Dr.Hill developed a scratch-resistant,light-weight lens.

Question 11

Which of the following actions did the Federal Reserve not take during the most recent financial crisis to stave off economic collapse?

Accepted Answer

During this period,the Federal Reserve took unprecedented actions that included buying up troubled assets from the banks and lending money at the discount window to nonbanks such as investment banks and brokers.The Fed also entered into the financial markets by making markets in commercial paper and other securities where the markets had ceased to function in an orderly fashion.Additionally,the Fed began to pay interest on reserves banks kept at the Fed and finally,it kept interest rates low to stimulate the economy and to help the banks regain their health.

Question 12

How is technology forcing the banking industry to change?

Accepted Answer

The answer of How is technology forcing the banking industry...

Question 13

Under the Trouble Asset Relief Program (TARP),most of the big banks in the U.S.either needed to take a cash infusion from the U.S.Treasury or were forced to sell preferred stock to the Treasury in order to stay in business.

Accepted Answer

Under the Trouble Asset Relief Program (TARP),most of the big banks in the U.S.either needed to take a cash infusion from the U.S.Treasury or were forced to sell preferred stock to the Treasury in order to stay in business.

Question 14

What is Dr.Hill's problem that is holding him back from developing his product into a business?

Accepted Answer

Dr.Hill does not feel comfortable with the finances aspect of business.

Question 15

What services of each financial institution is Hill's new company likely to need?

Accepted Answer

The answer of What services of each financial institution is...

Quiz 15: Accounting and Financial Statements

Which single financial institution is likely to be best able to meet Hill's small company's needs now? Why?

What is one of the things that the Troubled Asset Relief Program (TARP) allowed the government to do to help financial institutions?

What has challenged the banking industry and has forced it to undergo changes?

When discussing financial institutions,what is a shrinking capital base?

Which was not a problem during the most recent financial crisis?

List the various types of U.S.financial institutions and the primary function of each.

What has changed a great deal in recent years,creating difficulties for the banking industry and is forcing it to change?

Which is not an area of the banking industry listed in your text as experiencing rapid changes?

In the wake of the financial crisis,what did politicians promise?

What is the product Dr.Hill has developed?

Which of the following actions did the Federal Reserve not take during the most recent financial crisis to stave off economic collapse?

How is technology forcing the banking industry to change?

Under the Trouble Asset Relief Program (TARP),most of the big banks in the U.S.either needed to take a cash infusion from the U.S.Treasury or were forced to sell preferred stock to the Treasury in order to stay in business.

What is Dr.Hill's problem that is holding him back from developing his product into a business?

What services of each financial institution is Hill's new company likely to need?