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Westkost [7]
2 years ago
6

Reserve ratio was 15% at the balance sheet the whole commercial banking system rather than for a single

Business
1 answer:
larisa [96]2 years ago
5 0

Reserve ratio was 15% at the balance sheet the whole commercial banking system rather than for a single <u>lend out or invest.</u>

<h3>What is commercial banking ?</h3>

A financial institution that accepts deposits, provides checking account services, makes different loans, and provides fundamental financial products like certificates of deposit (CDs) and savings accounts to individuals and small businesses is referred to as a "commercial bank." Most people conduct their financial business at commercial banks.

Commercial banks generate revenue through making loans, including mortgages, vehicle loans, business loans, and personal loans, and charging interest on those loans. The money needed to fund these loans is provided by customer deposits to banks.

  • Commercial banks provide basic banking services, such as deposit accounts and loans, to individuals and small to medium-sized businesses.
  • Commercial banks profit from a range of fees as well as from the interest they get on loans.

To learn more about commercial banking  from the given link:

brainly.com/question/27793323

#SPJ4

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Sarjit Systems sold software to a customer for $176,000. As part of the contract, Sarjit promises to provide "free" technical su
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Answer:

DR Cash ..............................................................$ 176,000

CR Sales Revenue................................................................$149,600

CR Deferred Revenue..........................................................$26,400

Explanation:

Revenue should only be recorded when earned and as the 6 month technical support can be sold separately, it is revenue that has not be earned yet as the 6 months have not elapsed. This will therefore need to be recorded as Deferred revenue.

Sold alone, the revenue is more than when they are sold together so use the standalone price to find out the revenue when sold together by proportionality.

Sales revenue = 153,000/180,000 * 176,000

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Deferred Revenue = 27,000/180,000 * 176,000

= $26,400

7 0
3 years ago
Places where early peoples met and traded developed into __________.
Cloud [144]

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3 years ago
What is a tax bracket?​
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