When implementing a new system, the costs associated with transferring data from one storage medium to another is an example of
a. a recurring cost
b. a data conversion cost
c. a systems design cost
d. a programming cost
B
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If the bank experiences a $50,000 sudden liquidity drain caused by a loan commitment draw down, what will be the impact on the balance sheet if stored liquidity management techniques are used?
A. A reduction in cash of $21,000 and an increase in demand deposits of $29,000. B. A reduction in securities and/or current loans totaling $50,000. C. A reduction in cash of $21,000 and a decrease in securities holdings of $29,000. D. A decrease in equity of $50,000. E. A decrease in lending of $50,000.
Social Security is a
A) fully funded pension plan. B) federally insured private pension plan. C) government sponsored private pension plan. D) "pay-as-you-go" system.