All categories

3 years ago

What does a fractional reserve banking system mean?

2 answers:

3 0

Fractional reserve banking is the practice where a bank accepts deposits, makes loans or investments, but is required to hold reserves equal to only a fraction of its deposit liabilities.

Damm [24]3 years ago

3 0

One that keeps only a small part of customers' deposits on hand

You might be interested in

Landor Appliance Corporation makes and sells electric fans. Each fan regularly sells for $33. The following cost data per fan is

PIT_PIT [208]

Answer:

$24

Explanation:

The computation of minimum selling price per fan is shown below:

= Direct material per unit + direct labor per unit + manufacturing overhead per unit + variable selling cost per unit

where,

Direct material per unit is $10

Direct labor per unit is $7

Manufacturing overhead cost per unit is = $6 × 50% = $3

Variable selling cost per unit = $4

Sp, the minimum selling price per fan is

= $10 + $7 + $3 + $4

= $24

4 0

4 years ago

martin's has current assets of $600 and total assets of $2,900. the firm has total debt of $1,500 and long-term debt of $1,100.

lions [1.4K]

The current ratio is 1.5.

<h3>What is the current ratio?</h3>

Current ratio is a liquidity ratio. Liquidity ratios measure a firm's ability to honour its short terms obligations.

Current ratio is the ratio of current assets to current liabilities. Current assets are assets that would be used up in a year. Current liabilities are debt obligations that would be settled within a year. Current liabilities excludes long-term debt.

The higher the current ratio, the higher the firm's liquidity and its ability to meet short term obligations.

Current ratio = current asset /current liability

= 600 / (1500 - 1100)

= 600 / 400

= 1.5

To learn more about financial ratios, please check: brainly.com/question/26092288

#SPJ1

3 0

2 years ago

What type of college would you need to attend to become a veterinarian?

pochemuha

Here are the best schools:
#1 Overall Score: University of California—Davis Davis, CA GPA: 4.5
#2 Overall Score: Cornell University Ithaca, NY4.1
#3 Tie Overall Score: Colorado State University Fort Collins, CO GPA: 3.9
#3 Tie Overall Score: North Carolina State University Raleigh, NC GPA: 3.9

5 0

4 years ago

June Daye lives in the southern part of Alabama where winters are normally fairly mild. Last January, during an unusually cold s

Inga [223]

Answer:

The correct answer is A) Unsought service

Explanation:

Unsought services are services that consumers do not know about, or that if they do know about, they do not want to buy them, or if they buy them, they do it not for desire, but because of fear or prevention.

In this case, June Daye probably did not even know that there were plumbers who could fix frozen pipes in the warm region where she lvies, and secondly, she did not pay for these services because she wanted to, she only made the payment because one the water pipes of her house froze.

6 0

4 years ago

What would a store and bank both charge fees for?

pentagon [3]

They may charge for any late payments

3 0

4 years ago