Answer:
Provide a device through which the credit-creating activities of banks can be controlled
Explanation:
The legal reserve requirement is the minimum amount mandated by Central banks for banks to have as their minimum reserves.
The legal reserve requirement is used by the government as a means to control the supply of money in the economy.
If the central bank wants to reduce money supply, it increases the legal reserve requirement and if it wants to increase money supply, it reduces the legal reserve requirement.
A high reserve requirement reduces the amount that banks can make available for loans.
I hope my answer helps you
Currency I think. It's given in exchange for an item.
Answer:
The ways to develop a better social network is to:
C. Maximize homophily
D. Invest in relationships that extend your expertise
E. Develop connections with powerful others
Explanation:
Maximizing homophily refers to the tendency to have positive ties with individuals who are similar in socially significant ways. Engaging regularly or hanging out with your kind is a good way to develop better social network.
Investing in relationships that extends your expertise is a proactive way of breaking new grounds and connecting with people that are ahead of you in a cordial manner. More like a mentor-mentee approach.
Developing connections with powerful others opens up the gate to the elite social community which will deepen your social network.
Answer:
Explanation:
The journal entry is shown below:
On July 1
Treasury stock A/c Dr $5,280
To Cash A/c $5,280
(Being purchase of treasury stock for cash is recorded)
The computation is shown below:
= Number of shares purchased × cash price per share
= 440 shares × $12
= $5,280
All other information which is given is not relevant. Hence, ignored it
Answer:
protectionism
Explanation:
The country could overtax import products such as manufactured products in order to protect its own products and industries. This is very common in trade markets. Nowadays, through the globalization and China´s high development protectionism is ending.
