Answer:
In the United States, banks keep the entire value of all customer deposits in the bank vault to meet customer withdrawals. FALSE.
Banks keep only a portion of the customer deposits in the bank vault. A small portion is kept with the Fed called the Reserve Requirement.
Banks typically loan out a portion of customer deposits. TRUE.
Banks only loan out the portion of customer deposits that they did not leave with the Fed.
Bank runs occur when many customers attempt to withdraw deposits from a bank at the same time and the bank is unable to pay all customer withdrawals. TRUE.
When too many people try to withdraw from a bank, the bank might not meet these obligations because they loaned out money to people and those people were not yet due to pay back. This is a bank run.
The Federal Deposit Insurance Corporation (FDIC) protects bank depositors from bank failure. TRUE.
The fractional reserve banking system requires all banks to keep the total value of customer deposits in their vaults to prevent bank runs. FALSE.
As explained in the first paragraph, the Fed requires that banks keep a portion of customer deposits with the Fed instead of the total value of customer deposits.
Answer:
B. historical cost.
Explanation:
In financial statements assets are reported at their cost of purchase or historical cost. This approach does not account for price fluctuations under present market conditions.
Historical cost is used to avoid inflating financial position of an organisation, as price changes in the market are largely temporary.
Valuation on the other hand considers an asset's fair market value.
Answer with Explanation:
When it comes to planning, particularly, for a retail store such as the "Goodwill store" in the situation above, it is important to consider some steps. These steps will enlighten the members, especially the Store Manager on the comparative advantage of what they are selling.
Once the goal of the group has been set, they should consider doing an audit of the situation. This will allow the group to have some options which they can consider. This will enable them to set-up the merchandises that they will be selling and also know about pricing strategies. Next is to identify the strategic opportunities and the alternatives. The opportunities are events which will give the store an advantage in the future. They should also analyze their<em> financial options (alternatives). </em>This will give the store direction and a greater chance of achieving the goals.
Once the resources are well-allocated, the strategies may now be implemented.
Answer: Option (B) is correct.
Explanation:
Money supply changes from $1.10 trillion to $1.14 trillion
Percentage increase in money supply = 
= 3.636%
= 3.64% (approx.)
According to the quantity theory of money,
Money supply × Velocity = Price × output
Velocity and aggregate output is constant and if there is an increase in the money supply by 3.64% then as a result price level also increases by 3.64%.
Answer:
B) Intrapreneur
Explanation:
Intrapreneurs: This refers to an employee or group of employees of a business firm, who is saddled with the responsibility of working on a special projects. They do not work alone,they have the business firms resources at their disposal.
Bela is an intrapreneur because she has been given the responsibility of working on a special projects where the use of chemicals will be avoided in the packaging of food. They are given the freedom and time to work on the project.
Intrapreneurs are responsible for developing an existing business unlike enterpreneurs who starts a business firm from the beginning. They are involved in the use of their skills, technologies, policies to improve on the services provided by a firm. They are likely to become managers overtime.
