Answer:
The correct answer is binary variables.
Explanation:
A binary variable is one that can only have two possible values. They generally fulfill two essential characteristics:
1. They are made up of two exhausting values, which indicates that there is no other possibility of response. For example, a person is female or male.
2. Both values of the variable are exclusive, that is, it is not possible that both responses can be given, only one. In the same example above, a customer cannot be a woman and a man at the same time.
Answer:
Option D. The deposits in transit are added to the balance per the bank statement, and outstanding checks are deducted from the balance per the bank statement during the bank reconciliation process.
Explanation:
The reason is that the bank balance as per business books are kept updated according to their knowledge of the transaction verified and bank keeps its business books updated according to its knowledge of the verified transactions.
When the customer presents the check to the business, the business increases its bank balance as per its books and at this point the bank doesn't know whether there is any monetary transaction actually taken place or not. So the bank hasn't altered the business bank balance in their books of accounts. This means the bank is overstated by the deposit in transit and for reconciliation sake we will have to add it to balance as per bank to tally it with the balance as per the business.
Similarly the Outstanding checks which is also known as unpresented checks are the money not yet withdrawn from the business bank account but is actually deducted from the bank balance as per the business books because the payments that the business makes actually records it. This means that the bank balance as per business books are lower than the balance as per the bank and for reconciliation sake we will have to deduct it from the balance as per bank to tally it with the balance as per the business.
<h2>Only trusted programmers will be allowed to make changes to the project.</h2>
Explanation:
Let us understand first what a "closed source project is". It is quiet opposite to open source. What an open source will have?
- FOSS -Free and open source
- Source will be available to everybody
- User can make changes to the existing code and even release new software
- He can make changes in the software for his own personal use too
- There will be community to collaborate
So all the above will not be there for "Closed source". So the code is not free and it is confidential. Only trusted programmers can work on it.
The thing which happens during a bank run is:
- Customers attempt to withdraw more money than the bank has on hand.
<h3>What is a Bank Run?</h3>
This refers to the mass withdrawal of funds by a large number of customers where the banks are unable to pay everyone because they do not have the capacity to make such large withdrawals.
With this in mind, we can see that during a bank run, the main thing which pushes people is the fear of insolvency so that they would not lose their money.
Read more about bank run here:
brainly.com/question/10550250
