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Bogdan [553]
2 years ago
15

What are true statements about the history of the fractional banking system?

Business
1 answer:
Rudiy272 years ago
7 0

Answer:

----->Traders would deposit their gold with goldsmiths.

--->Goldsmiths issued paper receipts in excess of the amount of gold held.

--->Goldsmiths put the paper receipts into circulation by making loans.

Explanation:

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3 years ago
Why do you think organizations tend to focus on the creation of one type of value but not both?
cluponka [151]

Organizations tend to focus on the creation of one type of value but not both because organizations do  believe that the social value created by any organization has equal importance as their economic value. Due to this organizations believe that the creation of any value either the social value or economic value  is enough.

Social value means the enhancement of the people and their lives by the combination of different resources.

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To know more about social value here:

brainly.com/question/17176506

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2 years ago
Majer Corporation makes a product with the following standard costs: Standard Quantity or HoursStandard Price or RateStandard Co
irina1246 [14]

Answer:

Variable overheads efficiency variance = $13,040  favorable  

Explanation:

<em>Variable overheads efficiency variance is the difference between the standard hours of actual output and actual hours valued at the standard variable overhead rate per hour </em>

                                                                                       Hours

5,900munits should have taken (5,900× 0.9)          5,310

but did take                                                                 <u> 2050  </u>        

efficiency variance in hours                                         3,260 favorable

Standard rate per hour                                               <u>   $4.00 </u>  

Variable overheads efficiency variance                   <u>   13,040 favorable </u>

Variable overheads efficiency variance = $13,040  favorable          

3 0
2 years ago
Pat picked a card from a standard deck, looked at it, and then put it back. he then picked a second card. what is the probabilit
mezya [45]
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5 0
2 years ago
What is one main objective in the study of economics?
SashulF [63]

Answer: brecognizing the difference between producers and consumers

Explanation:

3 0
3 years ago
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