As of June 2013, the consolidated balance sheet of the Federal Reserve System included about ________ in assets

A letter of credit is a document that

a) is secured by the exporter after shipping the product shipment. b) awards the title of a product to the importer. c) is issued by a bank at the request of an importer. d) is issued by the exporter to promise that he will allow a delay in payment.

On January 1, Year 1 you bought 100 shares of Universal Exports Inc It is now January 1 of Year 2. You have recorded stock price and dividend information for Universal in the table, below. You want to calculate your return on the investment

After digging through your records you realize that Universal executed a 3-for-1 stock split late in Year 1. Use this information to adjust the data in the table and calculate the split-adjusted annual return on the investment in Universal shares. Selected Financial Data Universal Exports Inc Price Dividend Jan 1, Year 1 $12 Jan 1, Year 2 $8 0.40 A) -30% B) 100% C) 103% D) 110% E) 200%