As a member of your community’s Chamber of Commerce you have seen first-hand the difficulty many of the local merchants have had securing business loans which they need to purchase inventory for the next quarter. Prior to the economic recession, the large banks were very willing to make such loans, even to the least financially secure individuals. Now, securing a loan is a challenge even for the most reputable and successful businesses. You and several other members of the Chamber have made the decision to start a community bank that will be supportive of the local merchants’ financial needs. You soon learn that starting a bank is not quite as simple as opening a hardware store or insurance agency.

In an essay of approximately 225-words, create a plan for moving your concept for a community bank from a great idea to execution. Create a sequential list of the five key steps you must complete and what you must do to demonstrate that you have met the legal, financial and regulatory requirements associated with that step in the process.

Answer the following questions using the data given below. annual percent return on mutual funds (n = 17) last year (x) this year (y) 11.9 15.4 19.5 26.7 11.2 18.2 14.1 16.7 14.2 13.2 5.2 16.4 20.7 21.1 11.3 12.0 –1.1 12.1 3.9 7.4 12.9 11.5 12.4 23.0 12.5 12.7 2.7 15.1 8.8 18.7 7.2 9.9 5.9 18.9

The east asiatic company (eac), a danish company with subsidiaries throughout asia, has been funding its bangkok subsidiary primarily with u.s. dollar debt because of the cost and availability of dollar capital as opposed to thai baht-denominated (b) debt. the treasurer of eac-thailand is considering a 1-year bank loan for $247,000.the current spot rate is b32.03 /$, and the dollar-based interest is 6.78% for the 1-year period. 1-year loans are 12.04% in baht.a. assuming expected inflation rates of 4.3 % and 1.24% in thailand and the united states, respectively, for the coming year, according to purchase power parity, what would the effective cost of funds be in thai baht terms? b. if eac's foreign exchange advisers believe strongly that the thai government wants to push the value of the baht down against the dollar by5% over the coming year (to promote its export competitiveness in dollar markets), what might the effective cost of funds end up being in baht terms? c. if eac could borrow thai baht at 13% per annum, would this be cheaper than either part (a) or part (b) above?

Investors who put their own money into a startup are known as a. mannequins b. obligators c. angels d. borrowers