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VladimirAG [237]
3 years ago
8

The basic purpose of imposing legal reserve requirements on commercial banks is to: A. Assure the liquidity of commercial banks

B. Provide a device through which the credit-creating activities of banks can be controlled C. Provide a proper ratio between earning and no earning bank assets D. Provide the central banks with necessary working capital
Business
1 answer:
Aliun [14]3 years ago
5 0

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

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To develop a successful marketing plan for a soft drink, the process of ________ would most likely be used to group consumers on
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Answer:

Market Segmentation

Explanation:

Market segmentation is the process of dividing a market of potential customers into groups, or segments, based on different characteristics. The segments created are composed of consumers who will respond similarly to marketing strategies and who share traits such as similar interests, needs, or locations.

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3 years ago
on april 1, a company takes on an 18-month job and receives a $10,000 advance that is recorded in revenue. if no adjusting entry
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if no adjusting entry is made at year-end, the financial statements will be affected:

Net - income: will be overstated

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7 0
1 year ago
Punitive damages are: Group of answer choices money damages awarded to punish the defendant for gross and wanton negligence and
Evgen [1.6K]

Answer:

money damages awarded to punish the defendant for gross and wanton negligence and to deter future wrongdoing.

Explanation:

Punitive damages are money damages awarded to punish the defendant for gross and wanton negligence and to deter future wrongdoing.

In litigations, the amount of money awarded by a court of competent jurisdiction to punish a defendant for a crime committed or such wrongdoings (gross and wanton negligence) and by extension serves as a deterrence to others is known as a punitive damage.

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3 years ago
Creek Co. uses the percentage of credit sales method in determining its bad debt expense. The following information comes from t
Afina-wow [57]

Answer:

b. $22.500.

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Bad Debt Expense = 3% x $750,000

Bad Debt Expense = $22,500

5 0
3 years ago
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