Which of the following reasons explain why federal regulators adopted a policy of regulatory forbearance toward insolvent financial institutions in the early 1980s?
A) The FSLIC lacked sufficient funds to cover insured deposits in the insolvent S&Ls.
B) The regulators were reluctant to close the firms that justified their regulatory existence.
C) The Federal Home Loan Bank Board and the FSLIC were reluctant to admit that they were in over their heads with problems.
D) All of the above are reasons.
E) Only A and B of the above are reasons.
D
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A buyer submits a contract to purchase contingent on the buyer's spouse approving the property within 48 hours. Which of the following statements is correct concerning this agreement?
A. The contract would be valid if agreed to by both parties. B. Real estate contracts cannot contain contingencies. C. The contingency is not valid as it requires a personal judgement. D. The contingency would have to be made on a separate amendment agreement.
When calculating the WACC it is common to include the estimated cost of accounts payable if a firm does not take the discount for early payment
Indicate whether the statement is true or false