Which of the below statements regarding cryptocurrencies is NOT mentioned or suggested as factors that give cryptocurrencies an advantage over traditional currencies?
Q: When you use a debit card to make a purchase, a financial institution is extending credit to you and…
A: When you use a debit card to make a purchase, a financial institution is extending credit to you and…
Q: Why would an employer encourage an employee to take advantage of payroll direct deposit? Why would…
A: The term direct deposit means the direct transfer of funds electronically from one bank account to…
Q: If you do a favor for me, at some point I will do a favor for you; this idea of repaying a debt is…
A: The given situation denotes the human tendency to repay others what they had got for free or there…
Q: Write a 500 word essay on the analysis of the role of Basel Core Principals of Effective Bank…
A: The Basel Committee on Banking Supervision has concluded its study of Fundamentals and Methodologies…
Q: has higher liquidity and lower fees than and trades like a common stock on a stock exchange. O A.…
A: Stock management and financial market consist of wide range of financial assets as well as scheme…
Q: A: What are the General Principles of Bank Management? B: How Banks Manage the Credit Risk?
A: GENERAL PRINCIPLES OF BANK MANAGEMENT ARE :
Q: Which of the following statements is NOT true about Qard Hassan? The borrower needs a specific…
A: The idea of Qard al-Hasan is to help poor people or destitute by offering an advance with no…
Q: Read about Islamic Banking and then write in your own words 10 distinguishing characteristics of…
A: Islamic banking: It means banking based on the Islamic law or shariah. Islamic banking is operating…
Q: Mortgage-Backed securities were one of the so-called toxic assets to come from the 2008 financial…
A: INTRODUCTION:- Bad mortgages are holdings that are challenging, if not unattainable, to transfer at…
Q: Liquidity risk is very serious for all institutions, how it is much more dangerous in banking sector
A: Liquidity is the ability of a person, firm, or company to meet its debts. And liquidity risk arises…
Q: ________ is the decentralized public ledgering system used to record cryptocurrency transactions.
A: Different types of wallets are used now a days to store cryptocurrencies which works on a technology…
Q: #175. Is money bad in itself?
A: An item that is generally accepted as a medium of exchange for engaging in economic transactions is…
Q: Why is the Fed's effective use of monetary policy limited by the expectations of market…
A: Answer - Option A- I Only - The expectations of knowledgeable investors must be considered.
Q: Businesses spend a lot of time building their proprietary data and information. That information can…
A: A database is normally a combination of all the insights, research data, and important learnings of…
Q: During a time of uncertainty, why might it be necessary for a bank to build up its liquidity?
A: Economic uncertainty pushes financial institutions towards liquidity crisis. The management of…
Q: Eurodollars, which account for about 25 percent of all Eurocurrencies, are dollars banked outside of…
A: Eurocurrency is currency held on deposit outside its home market, i.e., control in banks set outside…
Q: Imagine you are an entrepreneur and you are going to write a request email to a National bank ,In…
A: A startup or start-up could be a company or project undertaken by an associate enterpriser to hunt,…
Q: 1. Before the Glass/Steagall Act what were commercial banks doing with depositor money to cause them…
A: 1. the principal provisions of the Banking Act of 1933 successfully separated business banking from…
Q: as the Hong Kong and Shanghai Banking Corporation, Ltd., in 1865, with offices in Hong Kong,…
A: Talking about the banking sector and the problems being faced by the banks in the world is too much.…
Q: Which one of the following functions that goldsmiths performed was most important in the development…
A: Goldsmith banking services initially began in the form of wealth storage such as gold and various…
Q: The crypto currency such as Bitcoin and Facebook Libra relies on the follow technology. O A.…
A: Centralised money system is where money is created and monitored by the central system like Central…
Q: Which do you prefer? the traditional way of transacting with banks and other financial institutions…
A: Earlier the marketers used traditional marketing communication tools like paid advertising through…
Q: Do you think financial statements are essential to the government? Explain
A: Financial statements are one of the most valuable source of information to a number of users…
Q: Question HSBC Holdings PLC, bank holding company based in London that originated as the Hong Kong…
A: HSBC Holdings plc is one of the world's leading companies. By closely researching and examining the…
Q: 37) - is a form of financing a new business in which in which entrepreneurs post details of their…
A: Any business need two most important thing to grow - Finance as it is the blood of the business…
Q: “Because diversification is a desirable strategy for avoiding risk, it never makes sense for a bank…
A: The given statement is False. Diversification is nothing but an investing strategy in which aids and…
Q: True or False: Firms and individual investors can earn persistent economic profits only in markets…
A: Economic profit is separate from the general expression 'profit.' The basic principle is that…
Q: (a) Do you agree that gradually reducing people’s CBDC balances is equivalent to a negative interest…
A: CBDCs have a number of challenges as a result of the country's economic situation, as well as other…
Q: Which statement is incorrect related to forward exchange rates? * They are relevant for any…
A: According to the commodities markets, the spot rate refers to the price for a product that is paid…
Q: The place where people and organizations wanting to borrow money are brought together with those…
A: Answer: (A) Financial Market A financial market is a place where individuals and organizations…
Q: In your own perspective, discuss the importance of knowing the company's solvency and financial…
A: Company's solvency is the ability of a company to meet its long term debts and all the financial…
Q: Discuss what is certified check? What is the treatment of certified check for bank reconciliation…
A: ANSWER: A certified check is type of check in which bank assesses with the sufficient funds…
Q: A fixed exchange rate is preferable to a lexible exchange rate because ggregate economic policies…
A: A fixed exchange rate is preferred to flexible exchange rate because it is more effective for having…
Q: How do you analyze the efficacy of the various IT initiatives taken by the Union Bank of India?…
A: Information technology (IT) can play an important role not only in reducing the operating cost but…
Q: A place where people and organisations wanting to borrow money are brought together with those…
A: Finance is a system that is used as a medium of exchange. The funds or money are exchanged between…
Q: Assume that you buy a 1-year, 210,000-peso Philippine bond that pays 7 percent when the exchange…
A: The detailed solution is given in Step 2.
Q: Choose the correct sequence in terms of risk, starting from the security with the lowest risk level…
A: The lowest risk level is of Treasury bills and the security with the highest risk level is…
Which of the below statements regarding cryptocurrencies is NOT mentioned or suggested as factors that give cryptocurrencies an advantage over traditional currencies?
Group of answer choices
Transactions carried out independently without the involvement of banking institutions or governments.
The value of cryptocurrencies is more stable and less volatile than the international exchange rate of the U.S. dollar.
Easy international business transactions because digital coins can overcome any border obstacle much faster and more easily than the traditional currency.
Its reduced cost for shipments sent abroad would be a consideration for free flowing global transactions and trade.
Step by step
Solved in 2 steps
- Which do you prefer? the traditional way of transacting with banks and other financial institutions or with the use of e-banking? Explain why? Identify at least one of the possible challenges in using e-money and cite a possible solution to it.In 1983, MGMT eCash Inc. developed a type of cryptographic electronic currency, ecash, which was later used in 1995, as digicash for cryptographic electronic payments. This early form of cryptographic electronic payments, led to the conception of Bitcoin, a well-known cryptocurrency. Thereafter, many forms of cryptocurrencies were developed where you can buy, sell or exchange cryptocurrencies for other digital currency or traditional currency like US dollars or Euros. Basically, an exchange is where buyers and sellers conduct their business.“Crypto-currencies have the potential to transform fundamental aspects of industry and society and make a considerable difference to the activities of government bodies and policy-making. They are perhaps the truest form of digital economy technology that has yet emerged – sitting at the crossroads of technology, economics, social sciences and business – where cryptography has managed to disrupt our established practices and notions of trust,…In 1983, MGMT eCash Inc. developed a type of cryptographic electronic currency, ecash, which was later used in 1995, as digicash for cryptographic electronic payments. This early form of cryptographic electronic payments, led to the conception of Bitcoin, a well-known cryptocurrency. Thereafter, many forms of cryptocurrencies were developed where you can buy, sell or exchange cryptocurrencies for other digital currency or traditional currency like US dollars or Euros. Basically, an exchange is where buyers and sellers conduct their business.“Crypto-currencies have the potential to transform fundamental aspects of industry and society and make a considerable difference to the activities of government bodies and policy-making. They are perhaps the truest form of digital economy technology that has yet emerged – sitting at the crossroads of technology, economics, social sciences and business – where cryptography has managed to disrupt our established practices and notions of trust,…
- In 1983, MGMT eCash Inc. developed a type of cryptographic electronic currency, ecash, which was later used in 1995, as digicash for cryptographic electronic payments. This early form of cryptographic electronic payments, led to the conception of Bitcoin, a well-known cryptocurrency. Thereafter, many forms of cryptocurrencies were developed where you can buy, sell or exchange cryptocurrencies for other digital currency or traditional currency like US dollars or Euros. Basically, an exchange is where buyers and sellers conduct their business.“Crypto-currencies have the potential to transform fundamental aspects of industry and society and make a considerable difference to the activities of government bodies and policy-making. They are perhaps the truest form of digital economy technology that has yet emerged – sitting at the crossroads of technology, economics, social sciences and business – where cryptography has managed to disrupt our established practices and notions of trust,…Which one of the following functions that goldsmiths performed was most important in the development of modern-day fractional reserve banking? Goldsmiths stored gold for people in their vaults. Goldsmiths issued paper receipts to people who stored gold in the goldsmiths’ vaults. By issuing additional paper receipts, goldsmiths made loans to people who did not necessarily have gold deposits. The paper receipts issued by the goldsmiths were accepted by merchants as a means of payment.Which statement is incorrect related to forward exchange rates? * They are relevant for any non-domestic business transactions. They reflect expectations about the future value of currencies They are normally determined by the forces of demand and supply in the in the FOREX Market. They are usually slightly lower than the spot rate. none of the above
- Which of the following statements is NOT true about Qard Hassan? The borrower needs a specific amount borrows from a lender with or without a clear stipulation regarding the maturity date 1-Simplest form of financing scheme 2-The loan is paid on maturity without increment or interest 3- There is a penalty for late deliveryConsidering an economy with two labor markets – one for agricultural workers and one for manufacturing workers. Suppose there is a Dutch Disease which explains about a major market failure originated in the existence of cheap and abundant natural or human resources that keep overvalued the currency of a country for an undetermined period of time, thus turning non profitable the production of tradable goods using technology in the state-of-the-art. It is an obstacle to growth on the demand side, because it limits investment opportunities. Suppose initially that neither is unionized what will happen to these conditions? a) If manufacturing workers formed a union, what impact would you predict on the wages and employment in manufacturing? b) How would these changes in the manufacturing labor market affect the supply of labor in the market for agricultural workers? c) What would happen to the equilibrium wage and employment in this labor market?What are the differences between digital euro (central bank digital currency) and other forms of digital payment solutions like PayPal, credit cards, ApplePay, etc.?
- 1. Discuss about the Prospects and Challenges of Bank Management Digitalization During COVID 19 in Bahrain.The rate at which major international banks are willing to offer term Eurodollar deposits to each other is called what ? O a. New York Interbank Offered Rate O b. Luxemburg Interbank Offered Rate O c. London Intrabank Offered Rate O d. London Interbank Offered RateRegulations are used by regulators as a viable means to mitigate risk in the banking sector. However, over time, many arguments have been put forth in favor of regulations and against it. Some of the most pertinent arguments include all of the following EXCEPT? a. Regulation is essential to effectively managing the relationship between risk and return, although it can reduce the opportunities available to financial institutions to increase shareholders wealth. b. Regulators seek to create a safe banking environment to ensure the stability of the global financial system. However, in doing so, it reduces the competitiveness of financial institutions, and inevitably their ability to effectively compete with other banks. c. Regulators seek to mitigate any negative impacts that can result in failures of the global financial system, while at the same time, discourage undertaking risky activities by financial institutions. d. The underlying objective of regulators is to…