Answer: Banks transfer money from savers to borrowers by holding deposits and lending excess reserves. Banks also create money by making loans of excess reserves.
Explanation: Those are two primary functions.
Answer:
$16.67
Explanation:
Data provided in the question;
Dividend to be paid next year, D1 = $2
Expected growth rate of dividend, g = 4% = 0.04
Required rate of return on the investment = 16% = 0.16
Now,
Price to be paid for the stock = 
or
Price to be paid for the stock = 
or
Price to be paid for the stock = $16.67
<span>Lynn files a suit against karl. karl denies lynn's charges and sets forth his own claim that lynn breached their contract and owes karl money for the breach, this is also known as a third party claim.</span>
It means that the currency that exist in forex market could be either sold or bought by anyone around the world.
for example ,
I live in United states. But through forex market, i could easily buy or sell Yen currency, which is used in Japan
