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2 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]2 years ago

3 0

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

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If you get equity funding for your business, what will you have to do?

cestrela7 [59]

Answer:

A pay back the investors with interest I believe

5 0

2 years ago

Which of these principles did adam smith believe essential to the survival of an economy?.

Makovka662 [10]

There are different kinds of theory. The principles that Adam Smith believe essential to the survival of an economy is the freedom to land and hold on to business profits.

<h3>What kinds of freedom did Adam Smith believe were vital to the survival of any economy? </h3>

Adam Smith was known to believe that the making of more resources available to all can make us to be more wealthier.

He believed freedom was important, such as the freedom to own land or property and hold on to the profits. He believed that people will participate in working very well, if they are given reward.

L earn more about Adam Smith from

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1 year ago

Luker Corporation uses a process costing system. The company had $160,500 of beginning Finished Goods Inventory on October 1. It

Tems11 [23]

Answer:

E. Debit Cost of Goods Sold $839,300; credit Finished Goods Inventory $839,300.

Explanation:

The journal entry is as follows

Cost of goods sold Dr $839,300

To Finished goods inventory $839,300

(Being the cost of goods sold is recorded)

The computation is shown below:

= Beginning balance of finished goods inventory + transferred of goods completed - ending balance of finished goods inventory

= $160,500 + $837,000 - $158,200

= $839,300

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3 years ago

Financial statements of a manufacturing firm The following events took place for Rushmore Biking Inc, during February, the first

pentagon [3]

Answer and Explanation:

The Preparation of income statement is prepared below:-

Rushmore Biking Inc.

Income statement

For the month ended February 28

Particulars Amount

Revenues $7,30,300

Less: Cost of goods sold $4,41,400

Gross profit $2,88,900

Selling and administrative expenses:

Selling expenses $1,48,500

Administrative expenses $72,200

Less: Total Selling and administrative

expenses $2,20,700

Income from operations $68,200

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3 years ago

Which problem will a country that tries to create a self sufficient economy most likely experience?

Rainbow [258]

Answer:

<h2>Decreased cost for physical and human capital.</h2>

Explanation:

<h2>_____________________(｡♡‿♡｡)</h2><h2>PLEASE MARK ME BRAINLIEST AND FOLLOW M E AND SOUL DARLING TEJASWINI SINHA HERE ❤️</h2>

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2 years ago