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2 years ago

What are the functions of depository institutions? The functions of depository institutions include _______.

Business

1 answer:

Yuri [45]2 years ago

3 0

Answer: Creating liquidity

Explanation:

Depository institutions includes commercial banks, credit unions, savings and loans. Depository institutions receive money from the depositors and lend out to their borrowers.

The primary function of the depository institutions is to create liquidity by making credit available to borrowers in the form of loans. Depository institutions also receive deposits from their customers in exchange for interest and then use them to create loans for people.

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3 years ago

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3 years ago

Lesley Torres is a project manager for the campaign "Action against Deforestation in Indonesia." She recently faced a glitch w

andrew11 [14]

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3 years ago

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3 years ago

Machinery was purchased for $460000 on January 1, 2022. Freight charges amounted to $15000 and there was a cost of $34000 for bu

Andrews [41]

Answer:

The amount of accumulated depreciation at December 31, 2023 = $88,800.

Explanation:

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The actual acquisition cost = 460,000 + 15,000 + 34,000.

The actual acquisition cost = $509,000.

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The depreciable cost = acquisition cost - Salvage value.

The depreciable cost = 509,000 - 65000.

The depreciable cost = $444,000.

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Annual depreciation expense = 444,000 / 10.

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Determining the accumulated depreciation .

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The accumulated depreciation = 44,400 × 2.

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3 years ago

What are the functions of depository​ institutions? The functions of depository institutions include​ _______.

What are the functions of depository institutions? The functions of depository institutions include _______.