Answer:
The correct answer is $900.
Explanation:
According to the scenario, computation of the given data are as follows:
Reserve required = New deposits of cash × Reserve ratio%
= $1000 × 30/100
=$300
Excess reserve from Andy ‘s deposit = New deposit – Reserve required
= $1,000 – $300
= $700
Total reserve excess = New reserve excess + Old reserve excess
= $700 + $800
= $1,500
After lending to molly excess reserve = Total reserve excess – Amount lending to molly
= $1,500 - $600
= $900
The bank has only $900 excess reserve. So, Bank can only give $900 for lending.
Answer:
The correct answer is the option B: a certified check.
Explanation:
To begin with, the term of <em>''certified check''</em> refers to a type of check that was certified by the emisory bank stating that the account has enough money to make the payment, therefore that the bank's account of the user is currently with sufficient money in order to do the purchase for which the check was meant to.
Secondly, once established the concept of a certified check, it is understood that in the situation where Elmo pays a certain amount to his bank in order to draw a check to pay for something, then the bank has enough money in Elmo's account and therefore <u>the check will be certified</u> by the bank.
A line of credit similar to a credit card because interest is charged only on the amount you actually borrow.
Answer:
Because they're two different people
Explanation:
The main and major reason why, is the obvious one. The first reason that comes to the mind.
Because they are two different people. Different people have different goals, hopes and aspirations. And even those that share them go through different paths while carrying them out. The minds of the two individuals are not the same, and despite the fact that they have similar abilities, they might not necessarily get the job done on time because of other commitments either of them have. Even if they both have none, there's always a distinguishing factor, and that will always trump, thus making them have different expectancies for performing at a high level.
It is a false statement.
<h3>When were major commercial business intelligence (BI) products and services well established?</h3>
Richard Millar Devens coined the term "Business Intelligence" (BI) in the Cyclopaedia of Commercial and Business Anecdotes in 1865. He was describing how Sir Henry Furness, a banker, gained knowledge by obtaining and acting on it ahead of his competitors. More recently, in 1958, an IBM computer scientist called Hans Peter Luhn published an article detailing the possibilities of acquiring Business Intelligence (BI) through the use of technology. Today's definition of business intelligence is the use of technology to collect and analyze data, transform it into meaningful information, and act on it "before the competition." Essentially, contemporary BI relies on technology as a means of making choices fast and effectively, based on the correct information at the right time.
In the late 1970s, CEOs began using the internet for researching business information. This led to the development of software, called Executive Information Systems (EIS), to support upper management in making decisions. An EIS is designed to provide the appropriate and up-to-date information needed to “streamline” the decision-making process. The system emphasizes graphics displays and easy-to-use interfaces in presenting the information. The goal of an EIS was to turn executives into “hands-on” users, who handle their own email, research, appointments, and reading of reports, rather than receiving this information through middlemen/women. EIS gradually lost popularity due to its limitations in actually being helpful.
Therefore, Major commercial business intelligence (BI) products and services were well established in the early 1970s is a false statement.
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