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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

#SPJ4

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The specific identification method (select all that apply): matches each unit of inventory with its actual cost is not an accept
liberstina [14]

Answer:

<h2>The specific identification method</h2>

a) matches each unit of inventory with its actual cost

d) would be beneficial to a company that makes fine jewelry

Explanation:

The specific identification inventory valuation method is one of the inventory valuation method allowed by U.S. GAAP.   The other allowed methods are weighted average; and first in, first out (FIFO).  The specific identification method identifies every item kept in inventory and its price and tracks it from purchase to resale.  Some types of businesses that use the specific identification method are jewelry companies and stores, car dealerships, art galleries, and furniture stores, who can easily identify each item and track the cost and price respectively.

4 0
3 years ago
Activities that involve the production or purchase of merchandise and the sale of goods and services to customers, including exp
Anika [276]

Answer:

Operating activities

Explanation:

The operating activities deal with the purchase and sale of merchandise to the customers plus it also involves the expenditure incurred for day to day operations like - wages and salaries expenses, administrative expenses, selling and other general expenses

By performing day to day activities, the company is enabled to generate the revenues through which the company could accomplish its goals and objectives.

5 0
3 years ago
In its first 10 years a mutual fund produced an average annual return of 20.4420.44​%. Assume that money invested in this fund c
mr Goodwill [35]

Answer:

3.73 years or 4 years approx

Explanation:

The computation of the number of years taken for money invested for double is shown below:

As we know that

Amount = Principal × (1 + interest rate ÷ time period)^interest rate × time period

where,

We assume the principal be P

And, the amount is 2P

And, the other values would remain the same

So,

2P = P (1 + 0.2044 ÷ time period)^ 1  × time period

2 = (1.2044)^ time period

Now take the log both sides

ln2 = ln (1.2044)^time period

ln2 - time period ln (1.2044)

So,

time period = ln(2) ÷ ln (1.2044)

= 3.73 years or 4 years approx

3 0
3 years ago
The system that maintains records of a company's operations and then communicates that information to decision makers is referre
oksian1 [2.3K]

Answer:

Accounting

Explanation:

8 0
3 years ago
A cash equivalent is a short-term, highly liquid investment that is readily convertible into known amounts of cash and A. bears
Katarina [22]

Answer:

B. is so near its maturity that it presents insignificant risk of changes in interest rates

Explanation:

please see attachment

7 0
3 years ago
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