What is the difference between Magna Cum Laude and Summa Cum Laude?

June 30, 2024 No Comments

A: “Cum laude” is a Latin term that translates to “with honor” in English. “Magna cum laude” means “with great honor,” and “summa cum laude” means “with greatest honor.” In U.S. academics, the terms designate graduates who have distinguished themselves with exceptional grades or performances

What is the difference between Magna Cum Laude and Summa Cum Laude?

July 7, 2024 No Comments

What is the difference between secured and unsecured debts?

June 30, 2024 No Comments

A: Loans and other financing methods available to consumers fall under two main categories: secured and unsecured debt. The difference between two is the presence or absence of collateral – that is, backing for the debt, something to be taken as security against non-repayment. This

What is the difference between secured and unsecured debts?

July 7, 2024 No Comments

What is the difference between Series 9/10 and Series 24 qualification exams?

June 30, 2024 No Comments

A: Both Series 9/10 and 24 are the exams that must be completed by a principal before he or she can undertake certain sales activities. According to the Financial Industry Regulatory Authority (FINRA), a principal who has completed the Series 24 examination is qualified to

What is the difference between Series 9/10 and Series 24 qualification exams?

July 7, 2024 No Comments

What Is the Difference between Tier 1 Capital and Tier 2 Capital?

June 30, 2024 No Comments

A: Under the Basel Accord, a bank’s capital consists of tier 1 capital and tier 2 capital, and the two types of capital are different. Tier 1 capital is a bank’s core capital, whereas tier 2 capital is a bank’s supplementary capital. A bank’s total

What Is the Difference between Tier 1 Capital and Tier 2 Capital?

July 7, 2024 No Comments

What is the minimum capital adequacy ratio that must be attained under Basel III?

June 30, 2024 No Comments

A: Under Basel III, the minimum capital adequacy ratio that banks must maintain is 8%. The capital adequacy ratio measures a bank’s capital in relation to its risk-weighted assets. The capital-to-risk-weighted-assets ratio promotes financial stability and efficiency in economic systems throughout the world. Basel III

What is the minimum capital adequacy ratio that must be attained under Basel III?

July 7, 2024 No Comments

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