All categories

2 years ago

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:

You might be interested in

Consider an economy described by the following equations:

Ede4ka [16]

Answer:

a. exchange rate = 1

b. exchange rate = 1.5

Explanation:

(a) National Saving = Private saving + public saving

Private saving = Y - C - T

=> Private saving = 5000 - (250 + 0.75(Y – T)) - 1000

=> Private saving = 5000 - (250 + 0.75(5000 – 1000)) - 1000 = 750

Public saving = T - G = 1000 - 1000 = 0

National saving = 750 + 0

= 750

Investment = 1000 - 50r = 1000 - 50*5

= 750

Y = C + I + G + NX

Trade Balance = Y - C - G - I = 5000 - (250 + 0.75(5000 – 1000)) - 1000 - 750 = 0

Thus Trade Balance = 0

NX = 0 => NX = 500 – 500e = 0

=> e = 1

Thus exchange rate = 1

(b)

National Saving = Private saving + public saving

Private saving = Y - C - T

=> Private saving = 5000 - (250 + 0.75(Y – T)) - 1000

=> Private saving = 5000 - (250 + 0.75(5000 – 1000)) - 1000 = 750

Public saving = T - G = 1000 - 1250 = -250

National saving = 750 - 250

= 500

Investment = 1000 - 50r = 1000 - 50*5

= 750

Y = C + I + G + NX

Trade Balance = Y - C - G - I = 5000 - (250 + 0.75(5000 – 1000)) - 1250 - 750 = -250

Thus Trade Balance = -250

NX = -250 => NX = 500 – 500e = -250

=> e = 750/500 = 1.5

Thus exchange rate = 1.5

8 0

3 years ago

Due to the credit crunch during the recent recession, many small businesses found that _____________ were more willing to lend m

ivann1987 [24]

Most of the small business found that small, community banks were more willing to lend money to small operations, it is due to the credit crunch during the recent recession. The community banks are more willing to help the small businesses to gain again their capital or investment.

8 0

3 years ago

Read 2 more answers

Cavincare has 50 years remaining on a service contract with Martin, Inc. Today, Martin paid $120,000 for services received last

Leokris [45]

Answer:

$980,879

Explanation:

Recall that

PVAn = (CF1 / (i - g)) × [1 - ((1+g)n/ (1+i))n]

Where

CFI = 120000 × 2.5%

= 123000

i = 15%

g = 2.5%

n = 50

Thus

PVAn = ($123,000 / (15% - 2.50%)) × [1 - ((1+2.5%)50 / (1+15%))50]

= 984000 × 1 - (51.25)/(57.5)

= 984000 × 0.996828

= 980,878.752

= $980, 879

5 0

3 years ago

Hurry!! #5

uranmaximum [27]

Archiving is an important part of record keeping

4 0

3 years ago

When a company employs a varied workforce of both men and women, people of many generations, and people from ethnically and raci

exis [7]

Answer:

workplace diversity

Explanation:

In today’s world, gender discrimination is considered unethical and wrong, that has helped females to work equally hard to show their worth. Over the years, females have gradually entered the workplace, such as firms and organizations. Likewise, they have also encouraged them by implementing workplace diversity. It is a phenomenon that allows different genders, race, ethnicity and cultural backgrounds to work together.

4 0

3 years ago