Purchase of a security by the bank will decrease the reserves in the banking and as a result the monetary base will also decrease.
<u>Explanation:</u>
The federal reserve system is the central bank of the United States of America. It has certain measures under it's control to manage the supply of money in the economy.
One of those measures is the purchase and the selling of the securities. If the security is purchased by the bank from the Federal reserve system, it will decrease the money reserve in the banks. As a result of this the monetary base will decrease in the country also.
Answer:
The Roosevelt Corollary was an extension of which of the following policies?
the gold standard
the Dawes Act
the Treaty of Paris
the Monroe Doctrine
Explanation:
The Roosevelt Corollary was an extension of which of the following policies?
the gold standard
the Dawes Act
the Treaty of Paris
the Monroe Doctrine
The Roosevelt Corollary was an extension of which of the following policies?
the gold standard
the Dawes Act
the Treaty of Paris
the Monroe Doctrine
The Roosevelt Corollary was an extension of which of the following policies?
the gold standard
the Dawes Act
the Treaty of Paris
the Monroe Doctrine
Answer:
No impairment
Explanation:
Since the future net cash flows are still recoverable and they are higher than carrying amount, none needs to be reported
Answer:
The correct answer is add $72 to the book's balance.
Explanation:
Bank reconciliation is a way of identifying discrepancies between the cash book balance (company's books) and the bank balance (balance per bank statement). The discrepancies can be as a result of erroneous posting, deposit in transit, outstanding checks, etc.
In the instance of the question, there was an erroneous posting in the cash book of $72 ($480 - $408). Instead of crediting cash book by $408, it was rather credited by $480 - meaning that the credit was overstated by $72. <em>To correct this erroneous posting, we have to add back $72 to the cash book balance.</em>
A) Setting multiple budgets
