Financial Industry

  • Financial Industry

    What are the financial institutions in Nigeria?

    What are Nigerian financial institutions? A financial institution (FI) is a company engaged in the business of dealing with financial and monetary transactions such as deposits, loans, investments, and currency exchange. What are the 5 financial institutions? The most common types of financial institutions include commercial banks, trust companies investment…

  • Financial Industry

    What is FDI efficiency?

    What is efficiency seeking in FDI? Efficiency-seeking investment: FDI that comes into a country seeking to benefit from factors that enable it to compete in international markets. What is the meaning of FDI? Foreign direct investment Foreign direct investment (FDI) is a category of cross-border investment in which an investor…

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    Who are medium risk customers?

    Who is medium risk customer in KYC? For categorizing a customer as Low Risk, Medium Risk and High Risk, the parameters considered are customer’s identity, social/financial status, nature of business activity, mode of payments, volume of turnover, information about the clients’ business and their location etc. Who are medium risk…

  • Financial Industry

    Who regulates financial advisors in Florida?

    OFR provides regulatory oversight for Florida’s financial services industry through three divisions and one bureau. Who oversees the Florida Office of Financial Regulations? The OFR reports to the Financial Services Commission made up of Governor Ron DeSantis and the members of the Florida Cabinet: Chief Financial Officer Jimmy Patronis, Attorney…

  • Financial Industry

    What does the Florida Office of Financial Regulation do?

    The Office of Financial Regulation (OFR) is responsible for supervising state-chartered banks, credit unions, savings associations, and international bank agencies, and licenses and regulates non-depository finance companies and the securities industry. What is the main purpose of Financial Regulation? Financial regulation is part of ensuring the safety and soundness of…

  • Financial Industry

    Does CommSec have fees?

    Different brokerage rates apply to CommSec Pocket trades executed through CommSec Pocket App or CommBank App.…CommSec Pocket. Trade execution Brokerage fee amount by transaction value1,2 Trade through Pocket App or CommBank App $2.00 (up to and including $1,000) 0.20% (Over $1,000) Late settlement fee $10.00 Is CommSec trading free? CommSec…

  • Financial Industry

    What are soft costs for builders risk?

    Soft costs (in the context of a builder’s risk insurance) are costs arising from a delay in project completion. Developer’s and contractor’s costs are incurred directly for restoration, and as such these costs are covered under the property damage policy. What are soft costs in a project? Soft costs are…

  • Financial Industry

    Definition of the Financial Sector

    The financial sector is a segment of the economy that comprises firms and institutions providing financial services to commercial and retail customers. This sector encompasses a wide range of industries, including banks, investment companies, insurance companies, and real estate firms. Key Facts Definition: The financial sector encompasses a broad range…

  • Financial Industry

    Nondiversifiable Risk and Diversifiable Risk

    Nondiversifiable Risk Nondiversifiable risk, also known as systematic risk or market risk, is the risk that is inherent in the overall market or economy. It cannot be eliminated through diversification because it affects all companies and investments. Key Facts Nondiversifiable risk, also known as systematic risk or market risk, refers…

  • Financial Industry

    What is directed brokerage?

    Definition of Directed Brokerage Directed brokerage refers to a circumstance where a client instructs a broker or dealer to utilize a specific broker or dealer for executing transactions. (Law Insider, 2023) Self-Directed Brokerage Accounts Self-directed brokerage accounts, also known as directed brokerage accounts, provide participants with a wider array of…

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    What is CPH designation?

    CPH Designation: Recognizing Excellence in Public Health The Certified in Public Health (CPH) designation is a prestigious credential that recognizes individuals who have demonstrated exceptional academic and leadership skills in the field of public health. Administered by the National Board of Public Health Examiners (NBPHE), the CPH designation aims to…

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    How long is the series 63 Good For?

    Series 63 Exam Validity Period The Series 63 exam, also known as the Uniform Securities Agent State Law Examination, has no expiration date as long as the individual remains employed with the member firm that sponsored the initial exam registration (Pass Perfect, n.d.). However, there is a 2-year grace period…

  • Financial Industry

    How hard is the Series 7 exam?

    The Series 7 Exam: A Comprehensive Overview of Difficulty and Preparation Introduction The Series 7 exam, administered by the Financial Industry Regulatory Authority (FINRA), is a crucial requirement for individuals seeking to become registered representatives and work in the securities industry (Investopedia, 2023). Designed to assess the foundational knowledge necessary…

  • Financial Industry

    Is Money Considered Physical Capital?

    Capital is a crucial element in the production process, enabling businesses to maintain liquidity and expand their operations. While physical capital is often associated with tangible assets, the question arises: Is money considered physical capital? This article will explore the distinction between physical capital and money, drawing upon reputable sources…