The securities exchange act of 1934 established "self regulatory organizations" (sros) and empowered these organizations to do all of the following

a. set guidelines for fair dealing with the public.
b. handle complaints against broker-dealers for securities law violations
c. take administrative action against broker-dealers that violate industry regulations.
d. establish courts of justice for aggrieved customers to settle disputes

Minolta inc. is considering a project that has the following cash flow and wacc data. what is the project's mirr? note that a project's projected mirr can be less than the wacc (and even negative), in which case it will be rejected. wacc: 10.00% year 0 1 2 3 4 cash flows -$850 300 $320 $340 $360

Explain whether each of the following events increases or decreases the money supply. a. the fed buys bonds in open-market operations. b. the fed reduces the reserve requirement. c. the fed increases the interest rate it pays on reserves. d. citibank repays a loan it had previously taken from the fed. e. after a rash of pickpocketing, people decide to hold less currency. f. fearful of bank runs, bankers decide to hold more excess reserves. g. the fomc increases its target for the federal funds rate.

What is one counter argument to the premise that the wealth gap is a serious problem which needs to be addressed?