Now that you have been introduced to different economic systems in Chapter 17 and the government’s role in the economy in Chapter 18, watch the video “5 Reasons Income Inequality Has Become a Major Political Issue” about the growing wealth gap in the...
ABC Bank officials view compliance with regulations as a necessity for the very survival of their business. The leadership team at ABC also understands the impact that banks have on the aggregate economy, particularly the ramifications of mismanaged risks...
Imagine you’re a CFO of an investment-grade rated corporation. You successfully managed through the pandemic and are in the enviable position of holding excess cash; you also anticipate a boost in profitability in the coming quarters. Your company borrowed...
On September 13, 2021, Senator Elizabeth Warren sent FED Chair Jerome Powell a letter [PDF].In the letter she wrote “Under Janet Yellen’s leadership, the Fed placed Wells Fargo under an asset cap in 2018 due to its ‘widespread consumer abuses and...