of Reserve Banks, approving the appointments of their presidents and some members of their boards ofdirectors.
The Board's most important responsibility is participating in the Federal Open Market Committee (FOMC), which conducts our nation's monetary policy.
2) The Federal Reserve Banks
A network of 12 Federal Reserve Banks and 25 branches make up the Federal Reserve System under the gene
Ssang-yong comapny
Representative director 이유일, 박영태
Representative business Auto
Date of foundation December, 6 1962 year
Total asset 1,705,288,475,327
Capital 604,023,100,000
Settlement term End of December
Headquarters’ address 칠괴동 , 경기도
Listing date May,5, 1975 year
(measured in won)
Hyundai Kia Ssangyong
2008 2009 2008 2009 2008 2009
of Enron, which was one of the main reasons of the crisis. After the Enron scandal, Andersen lost its major clients and got accused by its negligence in auditing Enron.
1.4. Mid- and long-term impacts on American energy industry
After Enron crisis, financial institutions raised the rate of interest on loans for energy-related corporations. Traditionally, energy industry’s liabilities are larg
of these faulty accounting procedures for recognizing rentals as sales. One major problem that could be caused by excess of exposed receivables is that the company can face liquidity problems. A drop in account receivables implies a decrease in quick assets, and such decrease maybe critical for some companies that does not have enough financial resources to pay back the upcoming current liabiliti
of these faulty accounting procedures for recognizing rentals as sales. One major problem that could be caused by excess of exposed receivables is that the company can face liquidity problems. A drop in account receivables implies a decrease in quick assets, and such decrease maybe critical for some companies that does not have enough financial resources to pay back the upcoming current liabiliti