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Nata [24]
3 years ago
7

Lucia's bank offers a savings account with 1.9% APR compounded monthly. What is the actual annual percentage yield on this accou

nt?
Business
1 answer:
White raven [17]3 years ago
5 0
The answer is 1.92% -apex
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2 years ago
Which of these would Congress look to do during a recession, as it pertains to fiscal policy?
jeyben [28]

Answer:

Raise taxes

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This will help reduce the amount of money in circulation because during recession money loses its value due to large amount of money in circulation

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n the money creation process, the simple money multiplier assumes that banks hold no excess reserves. What is the consequence of
lyudmila [28]

Answer: The simple money multiplier becomes smaller as less money is loaned out

Explanation:

In the money creation process, the simple money multiplier assumes that thee are no excess reserves that are held by the banks and that there are no currency being held by the public.

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3 years ago
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It is a balance sheet.
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3 years ago
Which of the following statements is false regarding audit reporting?
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None      

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The auditor if satisfied gives the positive assurance and if not then he or she can ask for further information or can directly report the statements to the regulatory bodies.

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