The banking system in the United States is referred to as a fractional reserve bank system because banks hold a fraction of deposits on reserve.
The Reserve bank of India chiefly referred to as RBI is India's valuable financial institution and regulatory frame chargeable for the regulation of the Indian banking gadget. It is below the possession of the Ministry of Finance, authorities of India. It's miles chargeable for the manipulation, difficulty, and maintaining delivery of the Indian rupee.
The reserve bank acts as a regulator and supervisor of the general financial system. This injects public self-belief into the countrywide economic gadget, protects hobby costs, and gives wonderful banking alternatives to the general public. Subsequently, the RBI acts as the company of countrywide forex.
The Federal Reserve Banks are installed like private corporations. Member banks keep stock inside the Federal Reserve Banks and earn dividends.
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The debt to equity ratio for the period, based on the total liabilities and total equity, would be 1.31
<h3>How to find the debt to equity ratio?</h3>
The debt to equity ratio shows the amount of debt that a company has as a ratio of the debts to the equity that the company has.
The debt to equity ratio can be found by the formula:
= Total liabilities / Total Equity
Total liabilities = $16, 113, 000
Total equity = $12, 300, 000
The debt to equity ratio is therefore:
= 16, 113, 000 / 12, 300, 000
= 1.31
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Answer:
C. technological advances are the result of discoveries and choices.
Explanation:
The new growth theory was developed by a man named med Paul Romer. This new growth theory stresses the role which is determined by human choices.
The new growth theory states that technological advances are the result of discoveries and choices, rather than random choices. It explains the fact that new innovations and technological advancement are not the result of random chance, but they occur as a result of humans and their desire for new innovations.
Therefore option C is correct
