Answer:
The correct answer is:
- Conduct monetary policy;
- Ensure that the financial system is stable;
- Provide banking services to commercial banks, depository institutions, and the federal government.
Explanation:
A central bank is the apex monetary authority in a country. It plays several crucial roles in the smooth working of the economy.
- A central bank issues currency on behalf of the government.
- It formulates monetary policy on behalf of the government.
- It acts as a banker for the government.
- It acts as a banker for commercial banks.
- It supervises all financial institutions.
The role of providing services to businesses and consumers is played by commercial banks. Fiscal policy is formulated by the government. The responsibility of ensuring the growth of the economy also falls with the government.
Answer: a. $28,000 $210,000
Explanation:
First column is income and second is Carrying value.
Carrying value is the fair value at year end = $210,000
Income = Dividend received + fair value adjustment
Fair value adjustment = Fair value - cost of shares
= 210,000 - 200,000
= $10,000
Dividend = 45% * 40,000
= $18,000
Income = 18,000 + 10,000
= $28,000
Answer:
Cash A/c Dr $15,000
To Notes payable A/c $15,000
(Being the bank borrowing through a note payable is recorded)
Explanation:
The journal entry is shown below:
Cash A/c Dr $15,000
To Notes payable A/c $15,000
(Being the bank borrowing through a note payable is recorded)
This transaction increases the cash balance so the cash account should be debited and the note payable account should be credited as it creates a liability which is to be reflected in the balance sheet
When economists refer to "demand," they are speaking of<u> a schedule of amounts of a product that buyers would purchase at alternative prices in a given time period.</u>
Answer and Explanation:
As per the data given in the question,
3 of the above items will appear as a cash inflow from investing activities.
These are as follows :
1. Collection of loan receivable.
2. Cash sale of delivery truck at book value.
3. Sale of a security held as an available-for-sale investment.
Any gain or loss on sale of long term asset is an operating activity although any purchase or sale of a long term asset is come under the investing activities.
Loan receivable is an asset too therefore, it will be shown under investing activities.
