Banks keep a portion of their reserves in their own vaults statement is true as asked in the question.
<h3>What does the word "bank" mean?</h3>
Bank, a business that deals with money and its alternatives and offers other services involving money. A bank accepts deposits and disburses loans in its capacity as a financial intermediary.
<h3>What are the roles of banks?</h3>
A bank's job is to collect deposits from the general public and use those deposits as collateral for loans that support the growth of commerce, industry, and agriculture. Bank receives higher interest rates on loans and advances from depositors while paying lower interest rates to depositors on their deposits.
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Answer:
$20,800,000
Explanation:
The formula and computation is shown below:
Value of the firm = {(Firm's current profits) × (1 + firm’s opportunity cost of funds)} ÷ (firm’s opportunity cost of funds - constant growth annual rate)
= {($400,000) × (1 + 0.06) ÷ (0.06 - 0.04)
= $424,000 ÷ 0.02
= $21,200,000
Hence, we recognized all the information which is mentioned in the question.
Answer:
The appropriate solution will be the "establishment" stage.
Explanation:
- The establishment stage throughout professional advancement or career progress is the time where someone who starts to pursue jobs and receives one's first assignment.
- Thus, during that point, the candidate goes through all the induction process, the acknowledgment of a position as well as the accommodation of the particular organization.
So that Sarah's profession has been at the level of the establishment.
Answer:
It is departmentalized in a functional way
Explanation:
Functional departmentalization is the type of organizational structure based on common job functions. In Mitchell's case all similar jobs, like legal or marketing, are grouped in one place or on the same floor. This type of organization provides space for further employee's specialization by putting staff in places where their skills can further develop.
