Did the repeal of the Glass-Steagall Act contribute to the 2008 financial crisis?

July 8, 2024 No Comments

A: The repeal of the Glass-Steagall Act was at most a minor contributor to the financial crisis. At the heart of the 2008 crisis was nearly $5 trillion worth of basically worthless mortgage loans, among other factors. Although the repeal allowed for much bigger banks,

Do CIF charges affect the customs duties?

July 8, 2024 No Comments

A: The abbreviation CIF stands for “cost, freight and insurance.” It is a term used in international trade in reference to transporting goods from one destination to another through maritime shipping. The term has changed to include inland and airline shipments. When a buyer purchases

Do interest rates increase during a recession?

July 8, 2024 No Comments

A: Interest rates rarely increase during a recession. Actually, the opposite tends to happen; as the economy contracts, interest rates fall in tandem. The Federal Reserve has tools to control interest rates. During a recession, the Fed usually tries to coax rates downward to stimulate

Does a stock split lead to the gapping up/down of the stock?

July 8, 2024 No Comments

A: If a company splits its stock, there will be no gapping of the stock due to the split itself. A stock split does not materially affect a company’s value and will not lead to the wide changes in value that are seen in gaps.

Does perfect competition exist in the real world?

July 8, 2024 No Comments

A: First, let’s review what economic factors must be present in an industry with perfect competition. 5 Requirements of Perfect Competition All firms sell an identical product. All firms are price-takers. All firms have a relatively small market share. Buyers know the nature of the

Does QVC accept debit cards?

July 8, 2024 No Comments

A: QVC accepts debit card payments as one of its many payment options. The company, which is the world’s leading video and e-commerce retailer, had sales of $8.8 billion in 2014. Purchases of items from QVC can be made by both Visa and MasterCard debit

Does raising the minimum wage increase inflation?

July 8, 2024 No Comments

A: There are conflicting views on whether raising the minimum wage increases inflation. Tied to this is the question of what effect a higher minimum wage has on employment because historically, high unemployment goes hand-in-hand with high inflation. While raising the minimum wage would help

Does the closing price have to equal the last price traded?

June 30, 2024 No Comments

A: Logically and theoretically, the last price traded should be the same as the closing price of a stock. However, the way we trade stocks and the markets we trade them on have undergone numerous innovations over the last decade. Thus a late-afternoon online search for

Does the closing price have to equal the last price traded?

July 7, 2024 No Comments

Does the closing price have to equal the last price traded?

July 7, 2024 No Comments

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