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Neko [114]
3 years ago
11

In 1932, the U.S. government imposed a two-cent tax on checks written on deposits in bank accounts. This action would be expecte

d to ______ the currency–deposit ratio and ______ the money supply. decrease; decrease decrease; increase increase; decrease increase; increase
Business
1 answer:
scZoUnD [109]3 years ago
4 0

Answer:

Increase the currency-deposit ratio

Decrease money supply

Explanation:

The federal government made the move in order to balance their budget with he notion that with the introduction of the 2 cents on every bank cheques, it will dissuade people from doing bank deposit and switch to currency which will inturn reduce money supply.

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Answer:

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3 years ago
Information in the Financial Statements A financial statement is a summary of all the financial transactions that have occurred
4vir4ik [10]

<em>Here's the remaining part of the question</em><em>:</em>

<em>Please analyze and place each item in the appropriate financial statement to which it belongs;</em>

<em> Revenues, Long-term liabilities, Owner's equity, Insurance expense, Land, Patents, Costs of Goods Sold, Income tax, Advertising expense,  Insurance expense, Net change in cash, Accounts Receivable</em>

<u>Explanation</u>:

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  • Owner's equity,
  • Patents,
  • Long-term liabilities
  • Accounts Receivable
  • Land

2. Income Statement: this financial statement is primarily focused on the revenues and expenses expenses of the firm. Items found includes;

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3. Statement of cash flow

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8 0
3 years ago
What are currency exchange rates based on..
Mumz [18]
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4 0
2 years ago
Read 2 more answers
Adams Company sells a product whose contribution margin is $10 and selling price is $25.
Karolina [17]

Answer:

answer is b) False

Explanation:

given data

contribution margin = $10

selling price = $25

total fixed costs = $500

break-even point  = 100 units

solution

we get here Break even point that is

Break even point = \frac{fix\ cost}{contribution\ margin}   ...........1

Break even point = \frac{500}{10}

Break even point = 50 units

but we have given break-even point is 100 units

so answer is b) False

6 0
3 years ago
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