Stakeholders excluded are those such as children or the disinterested public, originally because they had no economic impact on the business.
Who is a Stakeholder?A stakeholder is a party who has an interest in a company and who can influence or be influenced by the company. The main stakeholders in a typical company are investors, employees, customers and suppliers.
However, with the growing focus on corporate social responsibility, the concept has extended to communities, governments, and industry associations.
Now that the concept has a human-centric perspective, while some groups, such as the general public, can be recognized as stakeholders, others remain excluded. Such a perspective does not give plants, animals, or even geology a voice as stakeholders, but only instrumental value in relation to human groups or individuals.
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Project: When It All Goes Wrong on Wall Street
Assignment Directions
1. Find a case which involved a bankrupt or closed securities firm, such as Enron or Lehman Bros. Research the case, and the
settlement. The easiest way to do this is to go to the SEC site, look at the regulatory actions against securities firms, and follow a
case. Here is the link ( sec.gov/spotlight/ enf-actions-fc.shtml or SEC Enforcement Actions, Addressing Misconduct That Led To or Arose From the Financial Crisis) to a current list of publicly traded companies that have been cited for SEC misconduct. As you can see, many of them are banks and securities firms and some of these firms are no longer in business. It is your job to research the firm and find out which ones on this list are no longer around. Then, follow the thread through the SEC, the courts,
and other reliable media such as Bloomberg, Wall Street Journal, or the New York Times. The most important thing to learn in
this assignment is how the enforcement process works. A second aspect of your research should include noting the stock price of this public firm before the regulatory actions and ultimate demise of the firm, and what the shareholders ended up receiving. You can find this information through the SEC enforcement reports and by using your browser to find historical information on share prices.
Submission Requirements
1. Write a report detailing the company that failed and what caused the failure. Describe the economic value and the cost to individual investors from a human perspective. Discuss how the regulatory system for securities worked or didn’t work and why. Was there any legislative or regulatory change because of this failure? Were there changes in society?
2. Your report should be 3 to 4 pages, double-spaced with 1-inch margins, and contain quantitive loss information from the failure (in other words the math), as well as a detailed narrative as to what went wrong. It also must show how the regulatory system for securities worked or didn’t work and why.
pls respond asap! will give brainliest :)
Answer: was
Explanation:
Under the current qualification criteria an applicant for appraiser trainee must have completed ___ creditable hours of experience
The current qualification criteria for an applicant for an appraiser trainee requires the applicant to have completed at least 240 creditable hours of experience.
This experience must have been obtained from activities such as appraisal review, appraisal report writing, appraisal inspections, and other related activities. The experience must also have been acquired within a period of not less than one year.
The 240 creditable hours must be documented in a portfolio or other form of record keeping, along with supporting documentation of the experience such as a letter from an employer or supervisor.
This experience is necessary to ensure that the applicant is qualified to become an appraiser trainee and can competently perform the duties of the job.
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nnknpoippiiiiiiiiiiiiiiiiiiiiiiiiiii.
Answer:
I understand this completely true fact
Explanation:
majic
Answer:
Is this actually a question?? XD
Explanation:
The purchaser of a shopping product lacks complete information prior to the buying trip and gathers information during the buying process.A. TrueB. False
It is true that The purchaser of a shopping product lacks complete information prior to the buying trip and gathers information during the buying process.
What is purchasing?
The organised procurement of products and services on behalf of the buying entity is known as purchasing. To guarantee that necessary materials are obtained quickly and affordably, purchasing actions are required. The main cost of inflation is the erosion of real income, which occurs when prices rise unevenly and causes some customers' purchasing power to decline. For both those who receive and pay fixed interest rates, inflation might over time affect their ability to make purchases. A corporation or organisation uses the purchasing process to buy products or services in order to achieve its objectives. Although many businesses make an effort to establish standards for the purchasing process, procedures can differ significantly between firms.
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during design team meetings the director and designers talk about mood, pace, atmosphere, colors, character, story, and the production's style.
It is a true statement that during design team meetings, the director and designers talk about mood, pace, atmosphere, colors, character, story and the production's style.
What is a design team meetings?A design team meetings are meeting that are typically coordinated by the lead designer, if one is been appointed and may include all, or part of the design team.
The sub meetings of the design team may also be organised to deal with specific aspects of the design such as the structure, building services etc.
Full question "during design team meetings, the director and designers talk about mood, pace, atmosphere, colors, character, story and the production's style. True / False"
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Online benefits systems are often referred to as ______ and can result in significant cost savings in benefits administration.
Online benefits systems are often referred to as employee self-service systems and can result in significant cost savings in benefits administration. With this system, the cost savings can be maximized.
Benefits are additional income outside of salary as assistance from the company, institution or institution where you work. Generally, benefits are combined with a monthly salary. This additional is money given or allocated on a regular basis for a particular purpose. Details of the type and amount are usually listed in detail on the salary slip or income report from the employer's company or institution.
By providing benefits, employees will feel appreciated for their work. In addition, this can make employees more comfortable in doing their jobs. Then the productivity of employees at work will also increase by itself. If it's like this, employees will compete to improve and maintain their performance to stay productive and focused while working.
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Through fraudulent means, Duke induces Emma to sign a contract to invest with him the profits from her business. When Emma learns the truth, she may
a. recover what she invested.
b. enforce the contract.
c. any of the choices.
d. withdraw from the deal.
Through fraudulent means, Duke induces Emma to sign a contract to invest with him the benefits from her business. When Emma learns the truth, she may do any of the choices (recover what she invested, enforce the contract or withdraw from the deal.
According to the privity of contract law, only those who are parties to a contract have the right to take legal action to enforce it. If the promised benefit is not provided, the party who stands to gain from the contract is not eligible to initiate any enforcement action. When parties reach an agreement on a contract, it is necessary that the agreement be supported by some kind of enforcement mechanism.
Strong contract enforcement procedures improve the stability of company relations, which lowers the uncertainty involved in conducting business. Investors who are the victims of violations of the securities laws may be entitled to collect money that has been recovered from fraudulent means.
The correct answer is option c.
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Abigail has just been added to a team tasked with developing new products. She has likely been put on which of the following teams?
A. Sales team
B. Virtual team brainstorming
C. Marketing
D. Top management
E. Research and development
A cross-functional team is a group of people who work on different projects and share a common objective. Employees from all levels of an organization are typically included in it.
Which one of these characteristics sets teams apart from groups?
The intensity with which team members collaborate and the presence of a specific, overarching team goal or objective are the two characteristics that set teams apart from groups.
Which structure is made up of teams working on individual tasks while working toward a common objective?
Employees who work together to achieve common objectives make up project teams. You can organize work in a specific, measurable, and time-limited manner with this kind of team. Roles, responsibilities, and deadlines can be clearly defined.
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In each of the following questions, you are asked to compare two options with parameters as given. The risk-free interest rate for all cases should be assumed to be 6%. Assume the stocks on which these options are written pay no dividends. a. Put T X Sigma Price of Option
A .5 50 .20 10
B .5 50 .25 10
Assume the stocks on which these options are written pay no dividends are:
1. Higher sigma should mean a higher price but then also the price is the same so it means a lower stock price will be for A
2. Lower stock price should mean a higher price hence B should have a lower price
3. The lower stock price should mean a higher price hence B should have a higher price but the price difference should be at least the difference in stock price i..e, 5 but the difference is only 2 so A should have a lower time to expiration
4. Higher volatility means higher price hence B should have higher volatility
Dividends are everyday income-sharing bills made among a corporation and its investors. An organization's board of directors determines the price in line with share, when, and how often dividend payments are made. Dividend stocks can provide a movement of profits, which may be especially precious in the course of inflationary periods.
A dividend refers to praise, coins, or in any other case, that an organization gives to its shareholders. Dividends may be issued in various forms, which include cash fees, shares, or another form. An organization's dividend is decided via its board of administrators and it requires the shareholders' approval.
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You have been asked to give a talk about how best to avoid different methods of identity theft. What is the BEST advice you can give to help
someone avoid becoming a victim of phishing?
O A.
OB.
0 с.
O D.
Shred all of your documents before you put them in the trash.
When carrying a purse, hold it tight to your body.
Don't use an ATM that looks as if it has been altered in some way.
If someone calls you to ask for personal information, don't reveal anything.
If someone calls you to ask for personal information, don't reveal anything, is the best advice you can give to help someone avoid becoming a victim of phishing.
Define Phishing.Phishing is a widespread scam when a con artist poses as someone you know and trust in order to trick you into divulging your username, password, or other personal information. Although it can be done over the phone, email is more common.
Phishing is a form of social engineering in which an attacker sends a message pretending to be someone else in order to mislead the recipient into giving the attacker access to their personal information or installing malicious software, such as ransomware, on their infrastructure. Phishing is when hackers try to persuade people to do "the wrong thing," like clicking a malicious link that would download malware or lead them to a dubious website.
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Product ratings, design competitions, live outfit reviews, and visual scrapbooks are examples of _________________.
Product ratings, design competitions, live outfit reviews, and visual scrapbooks are examples of social shopping mechanisms.
What is social shopping mechanisms?
Social shopping is a method of e-commerce where shoppers' friends become involved in the shopping experience. Social shopping attempts to use technology to mimic the social interactions found in physical malls and stores.
Social shopping is a form of online retail in which customers' friends participate in the purchasing process. Social shopping aims to replicate social interactions found in real-world malls and stores using technology.
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Perreca son fell out of a tree in the backyard and it looked to hurt his arm is broken without thinking much about where to go see buckle them up in his car seat and head to the nearest Emergency Medical Center, Perak is sun emergency room visit would be best classified as an
In the above case Perreca is dealing with Buckle injury
Explain in detail
An example of a shattered bone is a buckle (or torus) fracture. Without breaking the other side of the bone, one side of a bone flexes, raising a little buckle.Never disregard symptoms like pain, swelling, or tenderness, even if they are not as severe as those from other types of fractures. If your child's buckle fracture is left untreated, they could eventually experience more severe side effects like malunion, which occurs when broken bones don't line up properly throughout the healing process.Buckle fractures normally heal within four weeks from the accident. No follow-up appointment is needed in most circumstances. After the splint is removed, there may be one to two weeks of tenderness, weakness, and stiffness.To know more about Buckle bone here
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Economic models are typically based on the principle that people behave rationally. However, people do not always behave rationally Which of the statements is NOT a reason why economists still consider their models valid, in spite of the irrationality of people? For the sake of simplicity, it is easier to create models from generalizations rather than from seemingly random irrational behavior The existing models have been in place for so are considered untouchable, the equivalent of an long, they economic law. People typically behave more rationally over time Despite the flaws in the model, the models are still thorough predictors of market behavior
The reason why economists still does not consider their models valid, in spite of the irrationality of people because the existing models have been in place for so long, they are considered untouchable, the equivalent of an economic law.
Who are Economists?
The production and distribution of resources, goods, and services are studied by economists through data collection and analysis, trend research, and evaluation of economic concerns.
1. collecting data from numerous sources, compiling and analyzing enormous amounts of data from sources like official statistics, literature, online research, and industry surveys.
2. studying and comprehending economic patterns and models.
3. using software to analyze the data gathered.
Regardless of the particular field they may work in, someone with a degree in economics will discover that they are employable in many domains. Graduates with economics knowledge are in high demand in the worldwide work market.
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Ramona works for a large Denver, Colorado ski equipment warehouse. In the past, her only chance to learn how she was doing on the job came during fairly superficial performance reviews with her boss twice a year. The company recently implemented a policy designed to give Ramona and other employees detailed information about their job performance on a monthly basis. This suggests that the ski equipment retailer now provides Ramona and her co-workers with more:
One of the five characteristics of job enrichment is feedback, which means giving employees direct and clear information about their job performance.
One well-known approach to work design is job enrichment. This article will define job enrichment, explore its benefits, provide examples of ways to enrich jobs, and contrast job enrichment with job enlargement.
The creation of an inspiring job is the aim of work enrichment. This can be achieved, for instance, by taking a routine, "boring," job and adding extra tasks that give the employee a greater sense of purpose in their work. Therefore, work design and job redesign include job enrichment.
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with a downsloping demandcurve and an upsloping supply curve for a product placing an excise tax on this
An excise duty on a good with a downsloping quantity demanded curve and an upsloping supply curve will increase the equilibrium price and decrease the equilibrium quantity.
What is the price at equilibrium?A market-clearing price, often referred to as an equilibrium price, is the consumer cost involved with a good or service when supply and demand are equal or nearly equal.
The significance of equilibrium price?For a marketplace to be efficient and equitable, equilibrium is necessary. A market cannot move away from its price and quantity equilibrium since it is maintaining a balance between the quantities provided and required.
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_____ represent either ownership or debt of publicly held firms and government issued debt, in the form of bonds, notes, and bills.
Marketable securities represent either ownership or debt of publicly held firms and government issued debt, in the form of bonds, notes, and bills. Hence, option (b) is relevant.
Give a brief account on marketable securities.Marketable securities are readily convertible into cash at a fair price and are highly liquid financial products. Marketable securities are liquid because their typical maturities are shorter than a year, and because the rates at which they can be bought or sold have little impact on their pricing. Businesses generally keep money in reserve to be ready for circumstances where they may need to act quickly, such seizing an acquisition opportunity as it arises or making contingent payments. However, a business will invest a portion of the cash in short-term liquid securities rather than keeping all of the cash in its bank accounts, which offers no possibility to generate interest.
In this way, the company can make money off its cash rather than letting it sit around idly. The company can quickly liquidate these securities if a sudden need for cash arises. Several assets that fall under the marketable securities category are examples of short-term investment products.
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The complete question is mentioned below :
_____ represent either ownership or debt of publicly held firms and government issued debt, in the form of bonds, notes, and bills.
A. Demand deposits
B. Marketable securities
C. Set-asides
D. Traveler's checks
suppose your upstream supplier becomes more profitable. then: group of answer choices you become more profitable by acquiring it you become less profitable by acquiring it acquiring it will make you more profitable as you can charge a higher price due to complementarity acquiring it will make your firm more profitable only if there are synergies to exploit through the acquisition previous
Acquiring it will make you more profitable as you can charge a higher price due to complementarity.
What is profitable?Profitability is a measure of an organization’s profit relative to its expenses. Organizations that are more efficient will realize more profit as a percentage of its expenses than a less-efficient organization, which must spend more to generate the same profit.Profitability is a situation in which an entity is generating a profit. Profitability arises when the aggregate amount of revenue is greater than the aggregate amount of expenses in a reporting period. If an entity is recording its business transactions under the accrual basis of accounting, it is quite possible that the profitability condition will not be matched by the cash flows generated by the organization, since some accrual-basis transactions (such as depreciation) do not involve cash flows.To learn more about business transaction refer to:
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foundational human resources management procedures for reducing turnover can also apply to other areas of managing human resources. which of the following is not one of the recommendations for reducing turnover and other risks? A) increase employee engagement; B) pay attention to employee needs; C) use pre-employment screening;D) create clearly-defined, easy work paths
Foundational human resources management procedures for reducing turnover can also apply to other areas of managing human resources. Creating clearly-defined, easy work paths is not one of the recommendations for reducing turnover and other risks.
In organizational studies, useful resource management is the green and powerful improvement of a company's resources when they wished. Such assets may also consist of economic assets, stock, human competencies, manufacturing resources, facts era, and natural resources. aid control is the practice of planning, scheduling, and allocating people, cash, and era to a mission or program. In essence, it's far the manner of allocating assets to gain the best organizational value.
Seven sorts of aid management are (1) wooded area resource management (2) Water useful resource management (3) Mineral useful resource management (four) Land aid control (five) power aid management (6) natural world control (7) Agriculture useful resource management.
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In countries where there is less pressure for public accountability and information disclosure:
-information needs can be satisfied by requesting information from internal company sources.
-public offerings of stock shares are the primary source of financing for companies
.- accounting information is prepared to meet the needs of taxing authorities.
-accounting standards emphasize accounting for high inflation situations.
-the accounting focus is on recent market economy reforms.
In countries where there is less pressure for public accountability and information disclosure: -information needs can be satisfied by requesting information from internal company sources.
Whilst a person is given the responsibility to hold, use or put off sources now not belonging to him, he have to be held completely answerable to the owner of the resources for what he does with them. This, in essence, is the precept of accountability.
Political responsibility is when a politician makes alternatives on behalf of the people and the people have the capacity to praise or sanction the politician. In consultant democracies residents delegate electricity to elected officers via periodic elections if you want to represent or act of their hobby.
Duty is an assurance that an person or agency is evaluated on its performance or behavior associated with some thing for which it's miles accountable. The term is related to responsibility however is seemed extra from the attitude of oversight.
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Identify the interpersonal and decisional roles Mr. Hashim performed as the “Campus Head
Justify your answers in light of the case with at least one argument for each role.
A campus director is a managerial expert who is in charge of overseeing both faculty and student services as well as the day-to-day operations of a college campus.
What is the interpersonal and decisional role?Interpersonal, informational, and decisional roles make up the three categories of management work. The emphasis of interpersonal roles is on people and interpersonal interactions. Dealing with information is the main focus of informational roles. Making decisions is the main focus of decision-making roles.
The relationships that a manager must have with others are covered by interpersonal roles. Figurehead, leader, and liaison are the three positions that fall under this category. Because of their formal power and role as the organization's emblem, managers must serve as figureheads.
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limited liability companies and limited liability partnerships share which of the following characteristics?
The primary characteristic an LLC shares with a corporation is limited liability, and the primary characteristic it shares with a partnership is the availability of pass-through income taxation.
What is liability?
A liability, in general, is an obligation between two parties that hasn't been fulfilled or paid for. A financial liability is an obligation in the world of accounting, but it is more specifically characterised by prior business transactions, events, sales, exchanges of goods or services, or anything else that will generate income in the future. Non-current liabilities are typically viewed as long-term obligations since they are anticipated to last more than a year (12 months or greater).
Depending on their temporality, liabilities are classed as current or non-current. They might be a future responsibility to provide a service to someone else (a short-term or long-term loan from a bank, a person, or another organization) or a past deal that left an unresolved duty.
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Required information
[The following information applies to the questions displayed below.]
Oak Mart, a producer of solid oak tables, reports the following data from its first year of business.
Sales price per unit
$ 385
per unit
Units produced this year
129,000
units
Units sold this year
129,000
units
Variable selling and administrative expenses
$ 25
per unit
Fixed selling and administrative expenses
$ 4,665,000
per year
Direct materials
$ 53
per unit
Direct labor
$ 75
per unit
Variable overhead
$ 41
per unit
Fixed overhead
$ 9,288,000
per year
2. Prepare the current-year income statement using absorption costing.
Net income calculated using variable costs is $281,250 greater than net income calculated using absorption costs.
How is the cost of absorption determined?Formula for calculating absorption costs is (Direct Labor Cost + Direct Material Cost + Variable Manufacturing Overhead + Fixed Manufacturing Overhead) / number of units produced. The order should be accepted because this approach indicates lower product costs than the pricing specified in the contract.
What function does absorption costing serve?You can use the full costing approach, also known as absorption costing, to record all of the manufacturing expenses related to the creation of a single unit of goods. Along with labor and material costs, it also includes overhead expenses that are both fixed and variable.
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sander technologies is considering a research project. if successful, the project is expected to lead to sales totaling $60,000 annually. the initial cost of the research is expected to be $331,500. the factor of the internal rate of return is blank . multiple choice question. 1.989 5.525 0.181
Sander Technologies is thinking about doing a study. If the effort is successful, $60,000 in annual sales are anticipated to result. 20.34% Rate Of return 12.99%
What does that even imply to consider?conjunction. When making a decision or expressing an opinion, you can say that you are considering a specific fact by using the phrase "considering that." Your answer is a little harsh given when you're no longer associated with this man.
Briefing
Particulars Project X 1 Project X 2
nitial Investment -80,000 -1,20,000
Year 1 cash inflow 25,000 60,000
Year 2 cash inflow 35,500 50,000
Year 3 cash inflow 60,500 40,000
\Internal rate of return 20.34% 12.99%
Based on the internal rate of return, both the projects are acceptable
Kindly find the attachment for better understanding.
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PROJECT: FINANCE OPTIONS, CREDIT USE, AND BANKING Assignment Directions: Using all of the concepts you have attained throughout the course of the lesson (capital, collateral, etc.), compose a two-page, detailed business plan that illustrates how you plan to enter the “industry of your dreams” (fashion, entertainment, educational materials, etc.). Assignment Guidelines: Include at least four important concepts discussed within the lesson. Submission Requirements: Two-page business plan When submitting written assignments, please remember to: Submit the assignment question(s) and your responses. Proofread for spelling, grammar, and punctuation. Remember to use complete sentence structure. Make sure paragraphs have at least six sentences.
The industry of my choice is the fashion industry. The way I plan to enter the fashion industry is given below:
Meeting so many people with various origins, experiences, and stories is one of the benefits of working in the fashion industry. In the fashion industry, you may learn a lot from those around you, and the individuals you meet early on in your career might very well be important to your development in the future.
Therefore, Internships are the ideal starting point. Nothing equals actual experience in the fashion industry, even if you have studied the subject. You must be completely alright with beginning at the bottom. An internship in the fashion industry will undoubtedly complete your textbook education and advance your career.
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Which of the following types of advertising promotes an organization's image, reputation, or ideas rather than a specific product?
Institutional advertising is a type of advertising that promotes an organization's image, reputation, or ideas rather than a specific product.
Institutional advertising is a type of advertising that focuses on building a brand's image or reputation, rather than promoting a specific product or service. Institutional advertising campaigns are often used to create a positive perception of a company or to highlight its core values, mission, or history.
The goal is to create a lasting impression of the brand in the minds of consumers. It is used by organizations such as businesses, schools, and governments. It is typically used to promote products or services to a large audience.
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in 2000s the massive employment opportunities offered by silicon valley drove the housing cost in california exponentially.
In 2000, a group of approximately 2,600 high-tech companies formed in Silicon Valley created more than 27,000 jobs in the local economy of the San Jose, California area.
What factors are including in Silicon Valley?From 1992 to 1999, Silicon Valley created over 230,000 jobs (a 23% increase) and accounted for about 40% of California's export trade. Silicon Valley was born from the intersection of several factors, including skilled scientific research hubs at local universities, ample venture capital, and steady spending from the US Department of Defense. Stanford's leadership was particularly important in the Valley's early development.
What made Silicon Valley successful?It is easy to build an infrastructure facilitating similar businesses. Silicon Valley is a destination in itself. With an established business infrastructure, pool of talented resources and a thriving marketplace, launching a tech company in such an atmosphere offers a distinct advantage over other locations.
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Alani and Jeremy have considered creating their own company but are concerned about the possibility of losing all of their personal assets if the business fails. One way for Alani and Jeremy to avoid this risk would be to organize their firm as a
corporation.
One way for Alani and Jeremy to avoid the risk of of losing all of their personal assets would be to organize their firm as a corporation..
Give a brief account on corporation.An organization that is permitted by the state to act as a single entity and is recognized as such in law for specific purposes is known as a corporation. This organization is typically a company or group of persons. Early corporations were established by charters (For example, by a special act enacted by a legislative or a parliament). New corporations can now be established by registration in the majority of jurisdictions. Although there are many different types of companies, they are sometimes divided into two categories by the law of the nation in which they were founded based on either their ability to issue stock or if they were founded with the aim of making a profit.
A corporation can be categorized as aggregate (the subject of this article) or sole depending on how many owners it has (a legal entity consisting of a single incorporated office occupied by a single natural person). Limited liability was one of the most alluring early benefits that business corporations offered to their investors in comparison to earlier business entities like sole proprietorships and joint partnerships.
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in economics, the relation between average wages of the highest earners and average wages of the lowest earners, showing the number of times one average contains or is contained within the other is called the .
in economics, the relation between average wages of the highest earners and average wages of the lowest earners, showing the number of times one average contains or is contained within the other is called the .
Answer is: salary ratio
Annual earnings may also be referred to as annual income or yearly income. It displays a person's earnings over a specific time period.
The yearly earning of a person or a corporation is calculated by dividing the monthly earnings by the number of months in a year. Men continue to earn more than women under the situation mentioned above, hence their wages are higher.
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Find a numerical equation relating planned aggregate expenditure to output and to the real interest rate
The equation for planned aggregate expenditure (PAE) is as follows: PAE = C + Ip + G + NX.
How do we calculate planned aggregate expenditure?The expenditure that is incurred on the programs detailed in the current five-year plan is known as planned expenditures.
According to the Keynesian model of macroeconomics, aggregate planned expenditure is calculated as the sum of planned consumption expenditures (C), planned investment expenditures (I), planned government expenditures (G) and planned net exports (NX).
The aggregate expenditure model focuses mostly on the relationships between production (GDP) and planned spending, such that : GDP = planned spending = consumption + investment + government purchases + net exports.
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Today _____ national banks (with a federal charter) belong to the Federal Reserve System and ______ state banks do.
Today all national banks (with a federal charter) belong to the Federal Reserve System and relatively few state banks do.
Who is the Federal Reserve System's legal owner?
The federal government is the public controller of the federal reserve system, which is privately owned by the member banks. The president appoints seven governors for staggered 14-year terms with Senate approval.
Currently, only a small number of state banks are members of the Federal Reserve System, while all national banks (those with a federal charter) are.
Therefore, The Federal Reserve System is under the public jurisdiction of the federal government.
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