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Svetradugi [14.3K]
1 year ago
6

True or false: banks keep a portion of their reserves in their own vaults.

Business
1 answer:
kipiarov [429]1 year ago
8 0

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.

To know more about Banks visit:

brainly.com/question/14042269

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Wythe is trying to decide whether he wants to purchase shares in General Motors, Ford, or Honda, all of which are auto manufactu
mylen [45]

Answer:

Security selection

Explanation:

Security selection is the process of choosing specific securities within a given asset class that individual can include in his portfolio .  For an individual to make securities selections, he has to  considers the risk, the return, the ethical implications, and other factors affecting both of the individual securities and the portfolio as a whole.

4 0
3 years ago
To satisfy demands for withdrawals, banks keep:
astra-53 [7]
C. balance sheets

explanation:
6 0
3 years ago
Which of the following statements is false regarding audit reporting?
Mnenie [13.5K]

Answer:

None      

Explanation:

In simple words, audit reporting or auditing refers to the process under which an independent third part, licensed by the regulatory body, examines the financial statements of an organisation to check if such statements depicts fair information and are made as per the regulatory standards.

The auditor if satisfied gives the positive assurance and if not then he or she can ask for further information or can directly report the statements to the regulatory bodies.

8 0
3 years ago
if owen refused to testify on the premise that the information he would divulge would self-incriminate him, he can legally do so
Elden [556K]

Owns can legally do so under the first amendment. Therefore, it's true.

<h3>What is first amendment?</h3>

It should be noted that first amendment states that the Congress makes no law representing and establishment of religion.

In this case, if Owen refused to testify on the premise that the information he would divulge would self-incriminate him, he can legally do so under the first amendment.

Learn more about first amendment on:

brainly.com/question/26448398

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6 0
2 years ago
How does the effectiveness of the team members influence the group's development process?
igomit [66]
Team effectiveness can be judged by measuring the gainful yield of the group. On the off chance that a person on the group is not investing the exertion the improvement procedure can be longer. A gathering turns into a group when the accompanying criteria are met: Leadership turns into a common movement, Accountability shifts from entirely individual to both individual and group, The gathering builds up its own motivation or mission, Problem-fathoming turns into a lifestyle, not low maintenance action, Effectiveness is measured by the gathering's aggregate results and items. In light of contentions because of force, expert, and temperamental interpersonal connections, many works gathers never qualify as a genuine group.
5 0
3 years ago
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