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1 year ago

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.

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

#SPJ4

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Individuals join groups for two primary reasons: to enjoy the company of others and to accomplish goals unattainable by themselv

Bond [772]

The given statement about the reasons why individuals join groups is True.

<h3>What is a Group?</h3>

This refers to the collection of individuals in unison to achieve a set goal or to expand their interests, leveraging on the network of other members.

Hence, we can see that the given statement that Individuals join groups for two primary reasons: to enjoy the company of others and to accomplish goals unattainable by themselves is true.

Read more about interest groups here:
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5 0

2 years ago

Mihee's old job was to answer phones in a call center. Her job was redesigned, and now she also does customer surveys. This is a

dimulka [17.4K]

Answer:

Job Enlargement

hope dis helps ^-^

7 0

3 years ago

Damon convinced his aunt to lend him 2000 to purchase a plasma digital tv she has agreed to charge only 6 percnt simple interest

AnnyKZ [126]

Answer:

$120

Explanation:

In this question, we simply have to apply the simple interest formula which is shown below:

= Principal amount × rate of interest × time period

= $2,000 × 6% × 1 year

= $120

Simply we multiplied the principal amount with the interest rate and the time period so that the accurate amount can come.

So, $120 interest is paid for the year

7 0

4 years ago

A corporation ran an ad which showed environmental experts praising its social initiatives. The ad encourage readers to visit it

slamgirl [31]

Answer:

institutional copy.

Explanation:

In the scenario described above, the institutional copy style was used, which can be defined as a type of advertisement whose objective is not to sell a product or service, but rather to promote the selling company through its policies, philosophies and objectives, with the objective of strengthening and creating its reputation so that customers are aware of their values and reputation, generating recognition and prestige.

This is what the company analyzed in the above question did by running an ad that shows environmental experts praising its social practices and encouraging readers to access its website and learn about its positive environmental practices

7 0

3 years ago

On June 17, the Lattern Company issued 120,000 shares of its $0.10 par value common stock in exchange for land. On the date of t

Aloiza [94]

Answer:

The answer is A. Debit: Land, $1,200,000

Explanation:

The journal entry Lattern Company needs to record is:

Dr Land 1,200,000

Cr Common share 12,000

Cr Paid-in capital - Common share 1,188,000

As 120,000 shares is exchanged for the land and the share is traded in the exchange, the value of the land should be recorded at the market price of these 120,000 shares or 120,000 x 10 = $1,200,000.

Common share account is recorded at par value x number of shares issued = 0.1 x 120,000 = $12,000 while Paid-in capital-Common share account records the difference between market price and par value at the time of shares issuance or ( 10 - 0.1) x 120,000 = $1,188,000.

Thus, the correct answer is A. Debit: Land, $1,200,000

5 0

3 years ago