The Purpose of the Basel Committee Was to

question 130

Multiple Choice

The purpose of the Basel Committee was to

• A)achieve a better coordination of the surveillance exercised by national authorities over the international banking system.
• B)achieve a better coordination of domestic banking systems.
• C)achieve a better coordination between brokers and investment bankers.
• D)achieve a better coordination between bond holder and bon issuers.
• E)manipulate bank rates for more leverage profits.

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Definitions:

Marginal Tax Rate

The marginal tax rate is the rate of tax that applies to the next dollar of taxable income above a pre-determined level.

Call Premium

The additional amount a bond issuer must pay over the bond's face value if it is called before its maturity date.

Closely Held

Refers to a company whose shares are owned by a relatively small number of shareholders, often with the shares not being traded publicly.

Going Public

The process by which a private company offers shares to the public in a new stock issuance, becoming a publicly-traded company.