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tia_tia [17]
3 years ago
12

What does a fractional reserve banking system mean?

Business
2 answers:
Roman55 [17]3 years ago
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

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If people expect the price of packaged coffee to rise next week, coffee demand will:
SVETLANKA909090 [29]
Increase, assuming packaged coffee=coffee, people will demand more coffee being aware that its price will be increased, thus they will try to consume its benefits before its price goes up.

4 0
3 years ago
In the seven step military problem solving process you have identified the problem. what is the next step?
zhannawk [14.2K]
The next step is Gather information. The objective is to have high caliber, satisfactory choices made in battle and preparing circumstances. The Military Problem Solving Process enables pioneers to confront complex issues in circumstances where data may be restricted. 
While creating conceivable arrangements amid the Military Problem Solving Process, the pioneers will precisely record every conceivable arrangement and compress the Solution in composing and outlines.
4 0
3 years ago
A company uses the percent of sales method to determine its bad debts expense. At the end of the current year, the company's una
ValentinkaMS [17]

Answer: $5,440

Explanation:

When using the percent of sales method to determine bad debts, the company estimates a percentage that it believes will results in uncollectible debt and then applies it to the sales/revenue figure. The figure that is calculated is then debited along with the debit balance on the Allowance for doubtful accounts to the Bad debts account for the year and credited to the Allowance for doubtful accounts.

This company estimates that they will have 0.6% of credit sales uncollectible.

There are also $790,000 in sales of which all are on credit.

The Uncollectible estimate is therefore,

= 790,000 * 0.6%

= $4,740

This figure is then added to the debit amount on the Allowance for Uncollectible Accounts.

= 4,470 + 700

= $5,440

Note; A debit balance on the Allowance for doubtful debt account signifies that the bad debts were higher than anticipated the last time. This is why the figure is added to the current bad debts expense.

6 0
3 years ago
The net income reported on the income statement for the current year was $220,000.
sukhopar [10]

Answer:

B) USD 317,000/-

Explanation:

By adding reported values and subtracting payable we will get a derivation like below:

= 220,000+50,000+10,000+30,000-1000+8000

= USD 317,000/-

7 0
3 years ago
Before she began interviewing candidates for a sales position, Sonja prepared a written set of questions based on the job descri
Andrei [34K]

Answer: Structured interview

Explanation:

 The structured interview is one of the type of method that is used in the quantitative research process that ensure that the order of questions in the interview in similar manner.

It is one of the effective method that is typically introduced to overcome all the disadvantages of the traditional interview method. The main benefit of the structured interview is that it is one of the fastest way for comparing the performance of the candidate.

According to the given question, Sonja prepared the questions for the interview based on the given description of the job and this planning process is known as the structured interview.

 Therefore, Structured interview is the correct answer.

3 0
4 years ago
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