Deposit account

situation, the government issues guarantees of settlements of uninsured creditors to large financial institutions. The government does this so that neither the depositor nor the creditor incurs a loss. The transaction is done by the FDIC (Federal Deposit Insurance Corporation) and is completed through the purchase and assumption method. This phenomenon brings up many…

and the eligible dependents. Xcel Energy provides high deductible health plan with health saving account and the premium cost are shared by Xcel Energy and the employees on a pretax basis. However, Hershey Company provides three highmark medical plans with varying levels of employee cost sharing. High detectible plan at Hershey Company allows the employees to participate on health saving account. Health coverage start date is slightly different between these two companies. At Xcel Energy,…

A health savings account (HSA) is designed to help you pay for medical expenses if you have an insurance plan with high premiums. For many, an HSA is also a way to lower your yearly tax bill through deductions, invest your money and prepare for the unexpected. While there are many reasons to use this kind of account, there is a penalty for using HSA funds for non-eligible expenses. What Is the Penalty for Using HSA Funds? If you are using an health savings account to cover eligible medical…

Before Roosevelt and his innovation of the New Deal, America was in absolute chaos. Compared to many of the countries in Europe, America did not feel the burden of WWI. In fact, she prospered greatly, lending money to many nations. However, that good fortune ended abruptly, beginning with Black Tuesday and worsening when the banks went bankrupt and closed, taking along much the the citizens’ money. The current president at the time, Herbert Hoover did nearly nothing, trying to adhere the the…

The Great Depression was a time period when the United States’ economy failed. During that time, many citizens lost their faith in the economy and became jobless and homeless. One of the causes of the Great Depression was failure in industry. Many people lost their jobs due to the development in technology. People who worked in the railroad and mining industry lost their jobs because of the development of cars and new forms of energy, such as hydroelectric and natural gases. Also less homes were…

Victims of their own Burning his soul with a smoke and talking to a squirrel? Obviously a sad guy! John T. McCutcheon’s old cartoon shows us a conversation between an old American man being asked by a squirrel the reason why he did not save any money for the future. He answers, seemingly with a sad tone: “I Did”. Moreover, he is said to be a victim of bank failure. The cartoon represents the effects of the Great Depression and how harsh it was to the American citizens by using pathos…

the depression. The government came up with multiple programs. Federal Housing Administration (FHA) helped the home owners get longer moorages and lower monthly payments, this helped with all the homes that were going into to foreclosure. Federal Deposit Insurance Cooperation (FDIC) the banks insured your money up to $5,000. The Securities and Exchange Commission (SEC), this program help the government regulate the stock market to invest. The temporary jobs programs included, the Civilian…

national bank holiday, inorder to get the banks back into business. Secondly, he proposed the Glass-Stegall Act that in turn offered the federal government’s guarantees on loans that were less than 5 thousand dollars. This act also establish the Federal Deposit Insurance Corporation (FDIC). In Roosevelt 's Bombshell message, he took the US off the gold-standard and used his administration to focus mainly on domestic issues while excluding the handling of international trades. Also, the Federal…

The Great Depression, spanning from 1929-1939, was a period of great turmoil in the United States. A depression is a sustained, long term period in which the economy is failing. The Great Depression was caused by the collapse of the Stock Market and the failure of the Banks. The reason why the crash of the Stock Market was so impactful to our economy was because of the speculative nature of the Market. Many people bought stocks on margin, which meant that they only paid 10% for the stock while…

Summary of Career Theory In this assignment I will explain the Theory of Work Adjustment (TWA) and how it applies the best to my work history. The TWA is defined under the assumption that “people have two types of needs: biological which consists of food and water etc, and psychological needs, such as social acceptance” (Hagler & Plessman, 2015, 187). An individual will go to work and earn a paycheck that will be enough to satisfy their personal needs and by doing so will also be socially…