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All commercial banks must keep an account with the Central Bank. These balances are used for cheque clearing purposes between banks. Payments for cheques between banks are set off at the Central Bank’s clearing house. The Central Bank can also demand commercial banks to deposit a certain percentage of their total deposits with the central bank in order to control the money supply.
The Central Bank is a lender of last resort and will aid commercial banks when needed. The Central Bank dictates the interest rate that commercial banks can offer by setting the bank rate. This is the interest rate set by the Central Bank and the rate at which commercial banks and the Central Bank do business, e.g. loans offered by the Central Bank to commercial bank.
Cognitive and linguistic functioning, reasoning, conceptual abilities, and problem solving
Answer:
The Acquisition Program Baseline (APB) is developed by the Program Manager (PM) before the initiation of a program for all Acquisition Category (ACAT) programs and depicts the current condition of a program.
Explanation:
Answer:
a) What amount must Marla earn in the new city to maintain her current buying power?
$54000
If Marla accepts the new job, will her buying power increase?
Yes increase in $2000
Explanation:
Earn Offer
50000 56000
8%
4000
54000 56000
2000