Answer:
The correct answer is letter "B": Top Managers.
Explanation:
Top Managers are the executives of every firm responsible for the decision-making of the operations of the corporation. They are the head of each department in the corporate structure that includes the <em>Chief Executive Officer (CEO), Chief Operations Officer (COO), Chief Information Officer (CIO), and Chief Marketing Officer (CMO)</em> to mention a few. These are also referred to as "C-level positions".
You pay it back to the issuer plus interest
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<span>Extraversion (sometimes called Surgency).Agreeableness.Conscientiousness.Neuroticism (sometimes reversed and called Emotional Stability).<span>Openness to Experience (sometimes called Intellect or Intellect/Imagination).</span></span>
Answer:
B
Explanation:
Conversion costs are those costs incurred in converting raw materials to finished products and includes costs of direct labour(wages and salaries paid to workers who are directly involved in production process).
Since costs of production comprises of direct material costs,direct labour costs ,direct expenses(costs of packaging for instance) and all indirect costs ,it would be safe to say costs of conversion is only a part of costs of production
Answer:
a. banks hold reserves equal to only a fraction of their deposit liabilities.
Explanation:
The Federal Reserve System ( popularly referred to as the 'Fed') was created by the Federal Reserve Act, passed by the U.S Congress on the 23rd of December, 1913. The Fed began operations in 1914 and just like all central banks, the Federal Reserve is a United States government agency.
Generally, it comprises of twelve (12) Federal Reserve Bank regionally across the United States of America.
Like all central banks, the Federal Reserve is a government agency that is saddled with the following responsibilities;
I. The Fed controls the issuance of currency in United States of America: it promotes public goals such as economic growth, low inflation, and the smooth operation of financial markets.
II. It provides banking services to all the commercial banks in the country because the Federal Reserve is the "lender of last resort."
III. It regulates banking activities in the United States of America: it has the power to supervise and regulate banks.
In the banking system, fractional reserve banking describes a situation in which a depository financial institution such as a bank, hold an amount of reserves that is typically equal to only a fraction of its deposit liabilities.
