Financial intermediaries Study guides, Revision notes & Summaries

ACAMS Certification Exam 2023-2024 Questions and Answers Correct C - The USA PATRIOT Act was passed in: A) 1970 B) 1985 C) 2001 D) 2007 D - The three stages of money laundering are: A) Layering, Placement, Refining B) Placement, Refining, Integration C) Refining. Integration, Layering D) Integration, Layering, Placement D - Which of the following would be satisfactory elements of an Anti-Money Laundering Program? I - A CAMS certified employee in the Investiga...

Three areas of finance: - Answers-1. *Financial Management* -buying/selling of assets -financing choices -control costs 2. *Investments* -purchasing and holding assets & securities -stocks and bonds 3. *Financial Markets* -capital markets -money markets -financial intermediaries (banks or credit unions) Productive assets - Answers-the long-term tangible and intangible *assets* a firm uses *to generate cash flows* Tangible = equipment etc. intangible = patents, trademarks...

Financial Intermediaries correct answers Entity that obtains money from one source and redirects it to another EX: Banks Importance to Economy correct answers Financial Intermediaries Premium Half of all property-casualty premiums Importance to Society correct answers Allows society to plan and assume responsibility with certainty Importance to Customers correct answers Claim payments Provides stability and financial security Customers Buy insurance for all of the following reaso...

The term "emerging economies" has replaced the term _____. - Correct answerDeveloping countries The gross domestic product plus the income from non-resident sources abroad gives the ____. - Correct answer-gross national product More than 25% of global GDP comes from _____. - Correct answer-BRICS countries Viewing the global economy as a pyramid, the Triad refers to _____. - Correct answerNorth America, Western Europe, and Japan People who earn _____ a year comprise the base of the global ...

Which of the following is a governance issue? A. Tax transparency B. Health and safety C. Working conditions - Answer A is correct because "[e]xamples of the definition and scope of ESG issues can be illustrated by the two widely-referenced organisations...Tax Transparency [falls under the umbrella of] Governance". B is incorrect because "[e]xamples of the definition and scope of ESG issues can be illustrated by the two widely-referenced organisations...Health & Safety [falls under th...

Test Bank for Entrepreneurial Finance 7e 7th Edition by Chris Leach, Ronald W. Melicher ISBN-13: 2043 Full Chapters test bank included PART 1: The Entrepreneurial Environment CHAPTER 1: Introduction to Finance for Entrepreneurs 1.1 The Entrepreneurial Process 1.2 Entrepreneurship Fundamentals 1.3 Sources of Entrepreneurial Opportunities 1.4 Principles of Entrepreneurial Finance 1.5 Role of Entrepreneurial Finance 1.6 The Successful Venture Life Cycle 1.7 Financing Through the Vent...

Intermediate Accounting 1: Exam 1 Chapter 1 and 2Describe the function and primary focus of financial accounting - correct answer PRIMARY OBJECTIVE: to provide investors and creditors with useful information for decision making -provides information to predict the future risk and potential return of their prospective investments or loans -"Special" language used to communicate financial information to help people inside and outside of the business to make decisions -provides useful info...

Intermediate Accounting 1: Exam 1 Chapter 1 and 2 Questions and Answers 100% CorrectIntermediate Accounting 1: Exam 1 Chapter 1 and 2 Questions and Answers 100% CorrectIntermediate Accounting 1: Exam 1 Chapter 1 and 2 Questions and Answers 100% Correct Describe the function and primary focus of financial accounting - ANSWER-PRIMARY OBJECTIVE: to provide investors and creditors with useful information for decision making -provides information to predict the future risk and potential return...

ECS3701 ASSIGNMENT 2 SEMESTER 2 - 2023 UNIQUE NUMBER: 768112 CLOSING DATE: 22 SEPTEMBER 2023 2.01 Explain how financial intermediaries reduce transaction costs thereby allowing small savers and borrowers to benefit from the existence of financial markets. [10] 2.02 Differentiate between the main factors in the initiation of financial crises between the advanced and emerging market economies. [10] 2.03 In South Africa, the South African Reserve Bank (SARB) maintains liquidity req...

Describe the function and primary focus of financial accounting - PRIMARY OBJECTIVE: to provide investors and creditors with useful information for decision making -provides information to predict the future risk and potential return of their prospective investments or loans -"Special" language used to communicate financial information to help people inside and outside of the business to make decisions -provides useful information about economic activity to help produce more good decisio...