1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Dovator [93]
3 years ago
6

The depositors of JS bank were worried that the value of this​ bank's assets was less than the value of its​ liabilities, so the

y started to withdraw their deposits from the bank. This expanding panic and rising flood of withdrawals is called ___.
Business
1 answer:
MissTica3 years ago
3 0

This expanding panic and rising flood of withdrawals is called Bank Run.

<u>Explanation: </u>

Bank run means many customers of the bank withdraw their deposits due to the fear that the bank might become insolvent. When many customers withdraw their funds then the bank might not be able to meet the withdrawals with the available funds.

This further increases the risk of the bank to default when all the customers withdraw their deposits. This is because the banks hold only little amount as cash in hand while the rest of the bank's wealth is invested in long term assets.

You might be interested in
A theater group made appearances in two cities. The hotel charge before tax in the second city was $500 lower than in the first.
Naddika [18.5K]

Answer:

Hotel charge in city 1= $5,250

Hotel charge in city 2= $4,750

Explanation:

A theater group made an appearance in two cities.

Let x represent the amount charged in the first city

Let y represent the amount charged in the second city

The hotel charge before tax in the first city is $500 lower than the second city

y= x-500......equation 1

The tax in the first city is 8%

= 8/100

= 0.08

The tax in the second city is 8.5%

= 8.5/100

= 0.085

0.08x + 0.085y= 823.75.........equation 2

Substitute (x-500) for y in equation 2

0.08x + 0.085(x-500)= 823.75

0.08x + 0.085x - 42.5= 823.75

Collect the like terms

0.08x + 0.085x= 823.75+42.5

0.165x= 866.25

x= 866.25/0.165

x = 5,250

Substitute 5250 for x in equation 1

y= x-500

y= 5,250-500

y= 4,750

Hence the hotel charge in city 1 is $5,250 and the hotel charge in city 2 is $4,750

4 0
3 years ago
Larry Simmons has​ split-limit 150​/225​/110 automobile liability insurance. Several months ago Larry was in an accident in whic
goblinko [34]

Answer:

Larry's insurance policy​ cover = $729,000

Amount pay by Larry = $243,000

Explanation:

Given:

Number of insurance = 3

Each injured person awarded = $243,000

Find:

Larry's insurance policy​ cover

Amount pay by Larry

Computation:

Larry's insurance policy​ cover = Number of insurance × Each injured person awarded

Larry's insurance policy​ cover = $243,000 × 3

Larry's insurance policy​ cover = $729,000

Amount pay by Larry = $243,000 (For fourth person)

3 0
3 years ago
Grace Owen formed a corporation with three of her friends for purposes of operating a catering company. Grace used her own check
andrezito [222]

Answer:

Grace is incorrect because of the veil and alter ego theory

Explanation:

In this scenario Grace formed a corporation along with her three friends. As a result of catering services offered guest became ill and sued Grace and the other owners for damages.

According to the alter egos theory personal liability can be invoked on the owners of a corporation or its limited liability members.

Alter ego theory is used to penetrate the corporate veil that protects shareholders. Personal liability can be assigned on the business owner as it is in this case against Grace and the other owners.

7 0
3 years ago
If the Trial Balance columns are not equal and the difference can be evenly divided by 9, then the error most likely is a transp
saw5 [17]

Answer:Yes

True

Explanation:

A transposition error is a data entry error that is caused by inadvertently switching two adjacent numbers. ... For example, the number 63 is entered as 36, which is a difference of 27. The number 27 is evenly divisible by 9. This can surely cause discrepancies in the trial balance

7 0
3 years ago
In the production of textiles, women would gather and clean the fibers. Once these were complete, the next step would be to ____
svlad2 [7]

Answer: The correct answer is "b. comb and sort the fibers.".

Explanation: Once these were complete, the next step would be to <u>comb and sort the fibers.</u>

The first step was to gather and clean the fibers and then comb and classify the fibers according to their nature.

8 0
3 years ago
Other questions:
  • A production function for which proportional changes in all inputs leads to a more-than-proportional change in output is said to
    13·1 answer
  • Corporation recently organized. The company issued common stock to an inventor in exchange for a patent with a market value of $
    5·1 answer
  • When a country chooses to limit the kinds of goods or services it produces, it is practicing
    5·2 answers
  • Carr Company is considering two capital investment proposals. Estimates regarding each project are provided below:Project Soup P
    15·1 answer
  • What is 1087 in Roman numerals​
    12·1 answer
  • Which is one of the reasons marketing is essential to the free market system?
    10·2 answers
  • Taylor's nominal income is $50,000 per year in Acity where the cost-of-living index is 200. Taylor is considering accepting a si
    7·1 answer
  • Within an organizational structure, the person most likely to be evaluated in terms of controllable costs would be:
    13·1 answer
  • A manager needs to assign her team to work on different types of programs in the community. Any team can work on any of the prog
    5·1 answer
  • What is the responsibilities of supervisor to his superior?​
    6·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!