$2,000 bank loan out as a result of this deposit.
Banks create new money by making loans. Banknotes issued by banks are not stamped with the stamp of the federal reserve bank. It is electronic money that glows on the screen when checking the balance at an ATM. Banks can generate money through the accounts they use when making loans.
Therefore, when the bank receives additional deposits, it receives an equal amount of reserves. If you lose your deposit, you lose an equal amount of your reserve.
A deposit is a financial term that means money held in a bank. A deposit is a transaction of transferring funds to another party for safekeeping.
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Answer:
Enterprise Fund due from General Fund (Dr.) $50,000
Service Revenue (Cr.) $50,000
Explanation:
The enterprise used its general fund to provide electricity to the citizens. It has a collection period of 30 days for the general fund. This collection period is receivable duration during which company service revenue is to be collected. The general fund used by enterprise fund is collected 30 days later.
Grace wants to be an astronaut. Which of the following goals would be appropriate for her? <span>I will become an astronaut by completing an undergraduate degree in aerospace engineering and a doctoral degree in biology. I will attain this goal by age 30. Although the statements above all relate to becoming an astronaut, this one is the only statement that expresses how Grace will become an astronaut. Growing up, we all have dreams of what we would like to do but knowing how and setting a goal for accomplishing them makes a dream become more of an attainable reality. </span>
C . mUCOUS mEMBRANE
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