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amm1812
3 years ago
10

Banks can create an unlimited amount of money. True or false, and why?

Business
1 answer:
Eduardwww [97]3 years ago
4 0
Could be true. Banks use the stored money to invest, and if they make the right investments, theoretically they can have excess in money, investing more with the excess, and this keeps happening.
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What is the relationship between saving and investing??
mart [117]
<span>When you invest you have a greater chance of losing your money than when you save.</span>
5 0
4 years ago
In its​ year-end income​ statement, Black Knights Company reported cost of goods sold of​ $450,000. Changes occurred in several
torisob [31]

Answer:

The answer is $330,000

Explanation:

Cash paid to suppliers is the total amount of cash paid to its creditors.

We can find that through:

Cost of sold

Minus: Decrease in inventory

Plus: Decrease in accounts payable

=Cash paid to suppliers.

Now let's start:

Cost of sold - $450,000

Decrease in inventory - $160,000

Decrease in accounts payable- $40,000

$450,000 - $160,000 + $40,000

=$330,000

Therefore, Cash paid to suppliers is $330,000

5 0
3 years ago
Erin collides her 940-kg Mazda Miata into the rear of a 2460-kg pick-up truck which was at rest at the light on Lake Avenue. The
BigorU [14]

Answer:

3.46 m/s

Explanation:

This is actually a Physics question and not a Business question.

According to the property of conservation of momentum, the speed of the Mazda before the collision multiplied by the mass of the Mazda must equal the speed after the collision multiplied by the mass of both cars:

m_1v_1=(m_1+m_2)*v_2\\940*12.5=(940+2460)*v_2\\v_2= 3.46\ m/s

The post-collision speed of the two entangled cars is 3.46 m/s.

4 0
3 years ago
The report that compares actual performance and budgeted performance based on actual activity level is called a ______ budget pe
Gnesinka [82]

Actual budget performance report compares actual performance and budgeted performance based on actual activity level.

<h3>What is a budget?</h3>

A budget serves as a term that describes how to place our needs on our income, it is a way to balance our expenses and income.

Actual budget performance report gives room to

compares actual performance and budgeted performance based on actual activity level.

Learn more about budget at:

brainly.com/question/6663636

3 0
2 years ago
Unlike consumer credit, trade credit does not involve the use of a
hammer [34]

Answer:

Trade credit means many things but the simplest definition is an arrangement to buy goods and/or services on account without making immediate cash or check payments. Trade credit is a helpful tool for growing businesses, when favorable terms are agreed with a business's supplier.

Explanation:

Trade credit allows businesses to receive goods or services in exchange for a promise to pay the supplier within a set amount of time. New businesses often have trouble securing financing from traditional lenders; buying inventory, for example, on trade credit helps increase their purchasing power.

3 0
2 years ago
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