Answer:
B. it is structured such that the central banks for each country have a similar role to that of the Federal Reserve banks.
Explanation:
The European System of Central Banks (ESCB) which was established under the Treaty on European Union (TEU).
It comprises of the European Central Bank (ECB) and the national central banks of all the 27 European Union (EU) member states, irrespective of adopting the Euro (£) or not. This has helped the European Union (EU) member states to achieve tight corporations and memorandum of understanding (MOUs) such as TARGET2 (single payment system).
The Federal Reserve System established by the U.S Congress on the 23rd of December, 1913 is the central bank of the United States of America. Generally, it comprises of twelve (12) Federal Reserve Bank regionally across the United States of America.
The European System of Central Banks (ESCB) is similar to the Federal Reserve System in that it is structured such that the central banks for each country have a similar role to that of the Federal Reserve banks.
<em>The roles of these banks are;</em>
<em>1. To provide the countries with safer financial systems. </em>
<em>2. To supervise and regulate the activities of banks and other depository financial institutions.</em>
<em>3. To provide monetary policy across the countries.</em>
<em>4. To maintain flexible financial stability in the member state. </em>
Answer:
Option C is correct
Explanation:
For equilibrium condition to apply
MPl/w = MPK/r where mpl=4, MPK = 40 and r= 100
That is dollar spent on capital Change in output should be equal to change in out put for extra dollar spent on labour.
So therefore:
4/40 = 4/100
Since average return from capital is more so firm needs more capital and less labour to meet equilibrium condition that is MPL/w is equal to MPK/r.
Option C is the right one
Answer:
(A) Are an integral part of a company's financial statements.
Explanation:
The company financial statement involves income statement, statement of stockholder equity, balance sheet, and the cash flow statement
The disclosure notes contain the important facts and figures which are required to disclose it as it reveals the crucial information which might change the decision of the users and it cannot be shown elsewhere in the financial statement
Answer:
Debit Unrealized Holding Gain or Loss$200,000
Crediit Estimated liability on Purchase Commitments $200,000
Explanation:
Preparation of the journal entry at the end of the current fiscal year
Based on the information given the journal entry at the end of the current fiscal year will be :
Debit Unrealized Holding Gain or Loss $200,000
Crediit Estimated liability on Purchase Commitments $200,000
($2.5 million-$2.3 million)