Answer:
A single commercial bank cannot lend more than its reserves because if checks are written for a higher amount than those reserves, the commercial bank will lose its reserves.
On the other hand, in a fractional reserve system, the system as a whole cannot lose reserves because they are backed up by other banks.
Finally, the relationship between the monetary multiplier and the reserve ratio is inversely proportional. If the reserve ratio goes up, the money multiplier will go down because banks will have less money available to loan, and therefore, will create a lesser amount of money.
Answer:
bottom-of-the-pyramid
Explanation:
C. K. Prahalad and associates introduced the concept of a global market, not necessarily defined by national borders but rather by the pockets of poverty across countries, and consisting of 4 billion people across the globe with annual incomes of less than $1,200. They refer to these consumers, concentrated in the LDCs and LLDCs, as <u>bottom-of-the-pyramid</u> markets
Answer:
None of the choices describe offshore outsourcing.
Explanation:
Offshore outsourcing is when a company hires a third party in another country to do some tasks for the company.
Answer:
The inventory method which results in the highest gross profit for June is FIFO
Explanation:
Month Units Cost U/cost LIFO E.INVEN. I.COST
jun-01 123 850 7 123 861 0
jun-10 164 1280 8 47 376 936
jun-15 164 1380 8 0 0 1312
jun-28 123 1080 9 0 0 1107
4590 170 1237 3355
FIFO E.INVEN. I.COST
7 0 0 861
8 0 0 1312
8 47 376 936
9 123 1107 0
170 1483 3109