When a bank holds a minimum amount as reserves as required by law, this is the <u>required reserves. </u>
<h3>What are required reserves?</h3>
These are a certain percentage of every deposit made into a bank that they are to keep as reserves and not loan out.
These reserves are to ensure that the bank still has some money to pay out to depositors even in the event of financial crises. They are also useful in government monetary policy.
Find out more on required reserves at brainly.com/question/26960248.
Answer and explanation:
The statements are correct because using the perpetual inventory system implies recording purchases and returns at the same moment items are received or sold. The Cost of Goods account is updated every time their inventory exists. On the other hand, the periodic inventory system records buying or selling activities following a schedule that could be every month, quarter or once per year. The Cost of Goods account is used occasionally.
Well it is a graph or diagram that can show a lot of information and It may convey a point better then just a piece of writing
Quantity demanded is the amount of a good demanded by a consumer and on the other hand the quantity supplied is the good supplied by the supplier.
Explanation:
Qs = Qd
5P - 10 = 50 - 5P
5P + 5P = 50 + 10
10P = 60
P = 60/10
P = 6
So the equilibrium price (P) is 6
Now substitute the equilibrium price P = 6 in either the Qs or Qd function to get the equilibrium quantity. (The answer should be the same regardless of which equation you use.)
Qd = 50 - 5P
Qd = 50 - 5(6)
Qd = 50 - 30
Qd = 20
So the equilibrium quantity (Q) is 20.
With the increase in the demand of the good, the price of the good will also increase because the supply of the good will not change, so increasing price of the good.
Answer:
Language barrier
Explanation:
poor communication with several vendors will lead to language barrier thus enabling other customers not to meet their expectation