. Cheating is a serious offense and a clear violation of academic integrity and test-taking protocol. If caushown that there has been cheating occurred on any EXAM, the student(s) involved will be dealt with ainvolved will receive a score of zero (0) for the EXAM.• Canvas records your online activity while taking the exam.Question 20All of the following are money market instruments except what?O Treasury billsO Repurchase agreementO Commercial paperTreasury bondsQuiz saved at 5:41pm

Money Market is a financial market where short-term financial assets having liquidity of one year or…

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Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter9: Accounting For Receivables

Section: Chapter Questions

Problem 6TP: When a customer is delinquent on paying a notes receivable, your company has the option to continue...

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The auditor must mail cash confirmations, but the client may mail long-term debt confirmations. Question 44 options: True False
True our False? 6. Under the mudarabah account, the depositors will always be guaranteed to get back their deposits. 7. Current, saving and investment accounts are designed to fulfil the motives of holding money. 8. The difference between hibah and interest (riba) is the former is determined ex-ante and the latter is ex-post. 9. Statutory reserve requirement is part of regulatory costs for Islamic deposit. 10. Islamic bank can offer the sale of foreign currency through murabahah financing.
1. A bank guarantee is a guarantee from a lending institution ensuring the liabilities of a debtor will be met, where the bank takes responsibility to pay off the guarantees if the debtor fails to settle the debt. ( ) |2. A performance bond serves as collateral for the buyer's costs incurred if services or goods are not provided as agreed in the contract. ( ) | 3. A bank guarantee and a letter of credit both are instruments which enable customers, or debtors, to acquire
2. Protecting Interest Income/Revenue• From the banker’s point of view, when the banker quotes a floating interest, in doingso, the banker is passing on the interest rate risk to the borrower.• What if the banker has to quote a fixed interest rate but his cost of funds are floating?In this case, the customer/borrower faces no risk but the banker does.• Example: As a Credit Officer bank you have agreed to provide a customer with a fixedrate, 3-month, RM 20 million loan 90 days from today. You had priced the loan at 12%annual interest rate.• The following quotes are available in the market.3-month KLIBOR = 9 %3-month KLIBOR futures = 90.0 (matures in 90 days) How would you protect yourself from a rise interest rates?
QUESTION 1 : Protecting Interest Income/Revenue• From the banker’s point of view, when the banker quotes a floating interest, in doing so, the banker is passing on the interest rate risk to the borrower.• What if the banker has to quote a fixed interest rate but his cost of funds are floating?In this case, the customer/borrower faces no risk but the banker does.• Example: As a Credit Officer bank you have agreed to provide a customer with a fixedrate, 3-month, RM 20 million loan 90 days from today. You had priced the loan at 12%annual interest rate.• The following quotes are available in the market.3-month KLIBOR = 9 %3-month KLIBOR futures = 90.0 (matures in 90 days)How would you protect yourself from a rise interest rates?
Identify the advantages of having certificates of deposit. Select all that apply. O easy to manage accounts O early withdrawal penalties O funds are insured through FDIC O Money cannot be added to the account O highest interest rate of conservative accounts
2. Protecting Interest Income/Revenue• From the banker’s point of view, when the banker quotes a floating interest, in doingso, the banker is passing on the interest rate risk to the borrower.• What if the banker has to quote a fixed interest rate but his cost of funds are floating?In this case, the customer/borrower faces no risk but the banker does.• Example: As a Credit Officer bank you have agreed to provide a customer with a fixedrate, 3-month, RM 20 million loan 90 days from today. You had priced the loan at 12%annual interest rate.• The following quotes are available in the market.3-month KLIBOR = 9 %3-month KLIBOR futures = 90.0 (matures in 90 days)Explain.How would you protect yourself from a rise interest rates?
Financial Risk Management QUESTION 1 : Protecting Interest Income/Revenue• From the banker’s point of view, when the banker quotes a floating interest, in doing so, the banker is passing on the interest rate risk to the borrower.• What if the banker has to quote a fixed interest rate but his cost of funds are floating?In this case, the customer/borrower faces no risk but the banker does.• Example: As a Credit Officer bank you have agreed to provide a customer with a fixedrate, 3-month, RM 20 million loan 90 days from today. You had priced the loan at 12%annual interest rate.• The following quotes are available in the market.3-month KLIBOR = 9 %3-month KLIBOR futures = 90.0 (matures in 90 days)How would you protect yourself from a rise interest rates?
When a customer is delinquent on paying a notes receivable, your company has the option to continue to attempt collection or sell the debt to a collection agency. Research the benefits and challenges with each of these options and in a short essay, answer the following questions. Required part B What are the benefits and challenges of continuing to attempt collection yourself? What are the benefits and challenges of selling debt to a collection agency? If you had a dishonored notes receivable, which option would you select and why? Would you weight certain benefits or challenges differently when making your selection? How?
Match up the following statements and answers. An answer may be used more than once. Whose liabilities are bank notes held by the general public? Choose... Whose assets are reserves with the central bank? Choose... For households a home mortgage is a Choose... for commercial banks a home mortgage is a Choose... for commercial banks a deposit held by the general public Choose... is a for a corporation a bank loan is a Choose... an example of a household's tangible assets is a Choose... if I borrow money using my house as collateral this is a v Choose... mortgage, an asset of a commercial bank the central bank liability house asset mortgage, a liability of a commercial bank commercial banks
Which of the following statements is true about banks?(Choose an answer from the list below; only one is correct.) Reference: Chapter 11 and/or slides for class discussion. Group of answer choices They hold ALL of their customers deposits in the form of cash or government bonds. They are NOT allowed to set the interest rates at which they lend, interest rates on products like mortgages are set by the Federal Reserve or by another of their regulators. They act as an intermediary for borrowers and savers by taking in DEPOSITS and using them to make LOANS. They are owned and operated by the government and are not permitted to make a profit.
Question one: True or False (Correct the wrong answer)1) Deposits are considered as assets in the bank’s balance sheet2) Credit risk in banks could occur duo to Inadequate income of lenders3) Interest rate on cash credit is higher than interest rate on bank overdraft4) Trading securities is one of the agency functions offered by commercial banks5) Banks accept deposits in order to lend money to the borrowers6) When banks accept deposits, it basically means they are lending money to the depositors7) Cash and treasury management are services provided by commercial banks8) Online banks could face risks linked to rapid technological changes9) Bank regulation’s only objective is to protect the consumer10) International banks have higher transaction costs than regular banks11) Large commercial banks focus on earning fee income on nontraditional activities12) Deposits are considered as liabilities in the bank’s balance sheet13) Banks underwriting loans with the expectation that another party…

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