required of mortgage customers as they can be for other types of bank loans. Why is this so? Most lenders sell the mortgage loan to one of the few federal agencies in the secondary mortgage market. The agencies have very precise guidelines that have to be followed before they accept the loan. Web Exercise 1: $260.000 Chapter 15 Quantitative problem 12: The current exchange rate between the Japanese yen and the U.S. dollar is 120 yen per dollar. If
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distribute the differences in those gaps. Socialism is a type of government that redistributes the wealth among individuals. Ways they distribute the wealth is through inexpensive healthcare‚ education‚ and child care. The Democratic Party in the United States works closely with concept of being a socialist country without having the loss of individual
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following rates per annum on a $20 million five-year loan : Fixed rate Floating rate Company A 12.0% LIBOR + 0.1% Company B 13.4% LIBOR + 0.6% Company A requires a floating-rate loan; company B requires a fixed-rate loan. Design a swap that will net a bank‚ acting as intermediary‚ 0.1 % per annum and that will appear equally attractive to both companies. Q.2. Company X wishes to borrow U.S. dollars at a fixed rate of interest. Company Y wishes to borrow Japanese yen at a fixed rate of
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Over the years‚ the Labor Force Participation Rate has become an overlooked statistic that many Americans do not seem too worried about. The average person considers the quarterly report done by the Bureau of Economic Statistics calculating the GDP and the unemployment rate to be sufficient enough to understand how and why the economy is forming the way it is. By now‚ many Americans have realized that our economic growth has declined‚ and the Bureau of Economic Statistics reported that‚ “GDP came
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The United States comprised of three levels of government: Federal‚ state‚ and local levels. All levels of government create‚ manage and oversee laws on their distinct levels of government. However‚ none of these levels have specific knowledge in any one area of expertise and therefore rely on extending their lawmaking abilities to additional governing bodies known as administrative agencies. “An administrative agency is an official governmental body empowered with authority to direct and supervise
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encouraging employers to hire through the lowering of the corporate tax rate in the United States. Lowering the corporate tax rate in the United States will be exceptionally beneficial in the creation of new positions‚ as well as maintaining existing ones‚ for the majority of U.S. organizations thus improving the overall economic outlook for the country. Lowering the corporate tax rate would incentivize the creation of jobs in the United States instead of overseas‚ passes savings on to consumers through lower
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The Three Branches There are three branches of the United State government. One branch is the legislative branch which holds the power make laws and to frame public policies. Another branch is the executive branch which holds the power to execute‚ enforce‚ and administer law. The last branch is the judicial branch which holds the power to interpret laws‚ to determine their meaning and to settle disputes that arise within the society. There is a system of checks and balances where the three branches
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Essay on WHY HAS EAST ASIA GROWN MUCH FASTER THAN AFRICA? INTRODUCTION Many nations in Africa observed an impressive growth rate in the early 1990. These were relatively greater than those obtained in the Asian Countries. However‚ between the 1960s and 1990s‚ Africa has witnessed a continuous decline in growth and this has raised concerns about what Africa could learn from the miracle of the East-Asian countries. This decline is general for most if not all African countries but emphasis
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The United States is divided into different states‚ cities‚ and towns. All of them‚ if not most of them‚ have some kind of corporate status. They have their own local government. These towns or cities that have a local government are called municipalities. There are three types of government in vast municipalities: mayor council‚ council-manager‚ and commission. These towns and cities have a charter that explain and describe the limited power one has briefly and concisely. The State usually is the
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Since the recession the United States economy faced in 2008 and 2009‚ the economy has been slowly recovering. Currently‚ the unemployment rate in the United States is 4.9%(“Unemployment Rate” ). The Federal Reserve predicts that by the end of 2017‚ the unemployment rate to decrease to 4.8 % (“Economic Outlook” ). Inflation is also decreasing and it is expected to continue to until 2017 ( “Economic Outlook”). As inflation decreases‚ the price level will fall and the purchasing power of consumers
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