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lesantik [10]
3 years ago
10

When a bank keeps $12 from a $100 deposit as legal reserves, it is using

Business
1 answer:
vitfil [10]3 years ago
6 0
When a bank keeps $12 from a $100 deposit as legal reserves, it is using <span>a fractional reserve system. The correct option among all the options that are given in the question is option "b".

</span>The Fed has defined different categories of money, M1 and M2, according to the money's function. The correct option among all the options <span>that are given in the question is option "b".</span>
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3 years ago
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A real estate licensee typically allows the licensee to A) give tax advice to a prospective purchaser of real estate. B) provide
natka813 [3]

C) represent clients and customers in residential or commercial property transactions, but not both.

A real estate licensee refers to an individual who holds an active license as a real estate broker, principal real estate broker or licensed real estate property manager.

A real estate licensee has permission to enter into a property they represent with the general public. This means that the owner of the real estate grant the agent his or permission to make use of the land.

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2 years ago
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Which statement concerning lower-of-cost-or-net-realizable-value (LCNRV) is incorrect? LCNRV is an example of a company choosing
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The accounting standard for Inventory under IFRS IAS 2 requires that inventory be recognized at cost which includes all the cost incurred to bring the item of inventory to a state or place where the item of inventory becomes available for sale.

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3 years ago
Timothy and his wife are considering the purchase of a new car. In addition to the price, they are also considering the cost of
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Answer:

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A recently installed machine earns the company revenue at a continuous rate of
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