All categories

3 years ago

Which of the following statements is TRUE?

Business

1 answer:

Viktor [21]3 years ago

3 0

Answer:

The correct answer is letter "C": The ask price is the price at which a dealer is willing to sell, and the bid price Is the price at which a dealer is willing to buy.

Explanation:

While trading securities, two prices will be shown: <em>the bid and the ask</em>. The bid is the maximum price an investor is willing to pay to purchase a security. On the other side we have the ask price which is the minimum price an investor is willing to accept to sell the security.

You might be interested in

Please answer the questions you can

ValentinkaMS [17]

Answer:

11. Explain the primary functions of a commercial bank.

The Primary function of a commercial bank is to offer loans to individuals and businesses.

Explanation

A commercial bank receives money mostly from individuals and businesses opening saving or current accounts. Then they use these deposits to lend money to other businesses or individuals. This is possible because commercial banks only need to keep the 10% of the deposits made in a savings or current account.

Other functions of commercial banks are to offer security to the funds deposited by their customer, teach the customers financial education and give them possibilities of investment such as Certificate Term Deposits

17. Describe the procedure of opening a savings bank account in a bank

The procedure for opening a savings bank account is:

1. Fill in the application form.

2. Present the following documentation with your application: government-issued identification (a driver's license number, military ID, or other ID), your Social Security number, and a mailing address.

3. Go to a bank branch or to its website and open the account.

4. Make the initial deposit if required.

Explanation:

Opening a savings account will require that you identify yourself to the bank with a document that proves who you are, where you live, how old are you and how to contact you. This basic information is gathered in an application form that will be filed as the banks support in front of the regulators in case of an audit and will prove that you are a real person.

Afterwards the bank takes that information and check that everything is true and legal. After making that investigation you are granted with an account number and a card that you might use in any ATM to withdraw money.

For the las step of the opening of a bank account you need to deposit money so you have funds to save or make purchases.

3 0

3 years ago

PLEASE HELP ASAP, TRUE OR FALSE FOR EACH STAR

jolli1 [7]

Answer:

1. False: A court of appeals hears evidence to decide the facts. They do not listen to evidence to decide the facts because appeal isn't a retrial of the case.

2. True: When a party alleges a fact, it means that fact has not yet been determined by the jury to be true.

3. True: A judge instructs a jury on the law that applies in a case. It is known as jury instructions.

4. False: Decisions by higher courts in a state are not binding on lower courts within that state's jurisdiction. There decisions are actually binding on lower courts within that state's jurisdiction.

5. True: Judges may apply the law, but they do not have power to change the law.

6. True: The U.S. Constitution is the supreme law in the United States and no other law can contradict it.

7. True: Litigation is the process of resolving a dispute through the court system.

8. True: The trial court, which first hears a case, is known as a court of original jurisdiction.

9. True: Although cases may be similar, one important fact can change the outcome and create new precedent.

10. False: Appellate Courts review questions of fact but not questions of law. The appellate court can review questions of law as "De novo" or plenary review (legal error standard).

11. True: The Uniform Commercial Code has been adopted in all fifty states.

5 0

3 years ago

Choose all that apply.

lana [24]

I would recommend a savings account

7 0

3 years ago

What is the wholesaling industry??

FromTheMoon [43]

Wholesaling is the opposite of retailing. In a wholesaling industry, goods or products are being sold, and distributed to retailers. The wholesalers receives large quantities of these products and they are the ones who sells these to the retailers which are then sold to consumers. Hope this answers your question.

4 0

4 years ago

Suppose that a small family farm sold its output for $100,000 in a given year. The family spent $25,000 on fuel, $40,000 on seed

mina [271]

Answer:

Explanation:

Economic profit = accounting profit - implicit cost

Implicit cost is the cost of the next best option forgone when one alternative is chosen over other alternatives

accounting profit = revenue - explicit cost

Explicit cost includes the amount expended in running the business.

100,000 - (25,000 + 40,000 + 25,000) = 10,000

economic profit = 10,000 - 10,000 = 0

6 0

3 years ago

Which of the following statements is​ TRUE?

Which of the following statements is TRUE?