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Dominik [7]
4 years ago
8

Why would expanding the nation’s communications network be considered an increase in wealth, while improving the education of it

s people would not be considered an increase in wealth?
Business
1 answer:
larisa86 [58]4 years ago
4 0
To be honest i think that it is because the internet contains everythingnyou need to know. And it is also much more easy to use. Hope this helps!
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Suppose that a bank's actual reserves are $5 million, its checkable deposits are $5 million, and its excess reserves are $3 mill
lesya692 [45]

The reserve requirement is 40%.

<h3>What is the reserve requirement?</h3>

Reserve requirement is the percentage of deposits that is required of commercial banks to keep as reserves with the Central Bank. The reserve requirement is a told that is used by the Central Bank of a country to control the level of money supply in the economy.

The first step is to determine the reserves of the bank.

Reserves = checkable deposits - excess reserves

$5 million - $3million = $2 million

Reserve requirement : (reserves / checkable deposits) x 100

($2 million / $5 million ) x 100 = 40%

To learn more about reserve requirement, please check: brainly.com/question/6831267

#SPJ1

4 0
2 years ago
The cheap foreign labor argument for protectionism refers to ________.
kifflom [539]
The cheap foreign labor argument for protectionism refers to a lower wage often earned by many foreign workers.
Hope this helps :)
7 0
3 years ago
Read 2 more answers
After answering a summons and complaint,Mike received a set of written questions from the plaintiff's attorney.He was directed t
777dan777 [17]

Answer:

The correct answer is letter "D": interrogatories.

Explanation:

An interrogatory is a set of questions the defendant is requested to answer before the trial in which some facts that are about to be presented in front of the court are explained. Interrogatories are part of the discovery stage of legal cases in which both the plaintiff and the defendant share information about the key facts of the case filed.

7 0
3 years ago
Tara Westmont, the proprietor of Tiptoe Shoes, had annual revenues of $185,000, expenses of $103,700, and withdrew $18,000 from
navik [9.2K]

Answer:

Explanation:

The closing entry of the income summary account is shown below:

Income summary A/c Dr   $81,300

    To Retained Earning A/c             $81,300

((Being the difference is credited to retained earning))

The retained earning balance is calculated by taking a difference between:

= Annual revenues - Expenditure

= $185,000 - $103,700

= $81,300

The income summary should always be closed after closing of revenue and expenditure account.

6 0
3 years ago
If a borrower provides collateral and fails to repay the loan,
MakcuM [25]
The correct option is  B.
In case of non repayment of loan, the lender can sell the collateral and used the proceeds to cover his losses.  A collateral is always in form of properties which are substantial in value, it is often requested that borrowers provide collateral in order to reassure lenders that they will pay up.
6 0
3 years ago
Read 2 more answers
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