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Vilka [71]
4 years ago
9

#1. When a bank keeps $12 from a $100 deposit as legal reserves, it is using a. the Federal Reserve System. c. a legal reserve s

ystem. b. a fractional reserve system. d. a fractional deposit system. #2.The Fed has defined different categories of money, M1 and M2, according to the money's a. source. c. form. b. function. d. value. The real rate of interest:
Business
1 answer:
DENIUS [597]4 years ago
6 0
The right answer for the question that is being asked and shown above is that: " c. a legal reserve system. "  When a bank keeps $12 from a $100 deposit as legal reserves, it is using <span>a legal reserve system. 

The right answer for the question that is being asked and shown above is that: "</span>d. value." The Fed has defined different categories of money, M1 and M2, according to the money's <span>value.</span>
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2 years ago
What are the differences between first-generation OD and second-generation OD? What are the major changes between these two gene
MaRussiya [10]
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2nd generation: emphasized larger, system-wide concerns such as culture, change management, and organizational development.

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3 years ago
When quantity demanded exceeds quantity supplied at the current market price, the market has a shortage, and market price will l
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8 0
3 years ago
1. Depreciation on the equipment for the month of January is calculated using the straight-line method. At the time the equipmen
Gnoma [55]

Answer:

1 Depreciation expeense (Debit) $4,200

Accumulated depreciation (Credit) $4,200

2.Bad Debt expense (Dr.) $6,900

Accounts Receivables (Cr.) $6,900

3. Accrued Interest Expense (Dr.) $1,200

Notes Payable (Cr.) $1,200

4. Accrued Income Tax (Dr.) $14,200

Cash (Cr.) $14,200

5. Cash (Dr.) $4,200

Redemption of Gift Cards (Cr.) $4,200

Explanation:

Depreciation expense is considered as a tax shield. The larger the depreciation expense, the lower will be the taxable income. The adjusting entries are required before trial balance is created. There are few transaction that occur after the initial recording of the transactions. These transaction needs to be adjusted before the financial statements preparation.

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Answer:

True

Explanation:

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