Answer:
c). Lending money to business startups.
Explanation:
Banks receive deposits from customers, retains a small fraction, and loan out the big proposition to other customers. This way, banks pull together resources for businesses and households to borrow for consumption and expansion. Therefore, banks are intermediaries for the supply and demand for credit.
Banks help in economic development by availing capital for start-ups and growth through loans. They use customers' deposits to create credit facilities for businesses.
Answer:
a. $30,500
Explanation:
The computation of the corporation’s total basis for the transferred assets is shown below:
= Cash basis of checking account + adjusted basis of computer equipment
= $500 + $30,000
= $30,500
We simply added the cash basis of checking account and the adjusted basis of computer equipment so that the corporation total basis of the transferred asset could come
Answer:
d. the level of technology and the quantity of capital per hour worked
Explanation:
Labour Productivity denotes the amount of output or income value, by a labour. It depends upon the level of technology & quantity of capital per worker.
Labour productivity is directly related to level of technology & capital per worker. More technology & capital per worker imply high labour productivity; less technology & capital per worker imply less labour productivity. However, the labour productivity increases with level of technology & capital per labour at a diminishing rate. So, labour productivity curve is a upward sloping swamp shaped curve.
Answer:
Yes, there was a bilateral mistake of material fact.