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2 years ago

What are the primary functions of a central bank?

Business

1 answer:

Vesnalui [34]2 years ago

4 0

Answer:

The correct answer is:

Conduct monetary policy;
Ensure that the financial system is stable;
Provide banking services to commercial banks, depository institutions, and the federal government.

Explanation:

A central bank is the apex monetary authority in a country. It plays several crucial roles in the smooth working of the economy.

A central bank issues currency on behalf of the government.
It formulates monetary policy on behalf of the government.
It acts as a banker for the government.
It acts as a banker for commercial banks.
It supervises all financial institutions.

The role of providing services to businesses and consumers is played by commercial banks. Fiscal policy is formulated by the government. The responsibility of ensuring the growth of the economy also falls with the government.

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Jamal recently purchased a cooperative's stock and moved into one of the cooperative's units. what type of lease does jamal have

sladkih [1.3K]

It is a finance lease , because Jamal purchased a financial equity, which is the stock, with the cooperative and he moved to one of its units, therefore, the risk and rewards are transferred to Jamal and it is considered to be a finance lease.

3 0

2 years ago

Malik Boykin is paid $8.20 per hour. and time and a half for any work over 40 hours

Viefleur [7K]

Pay of Malik Boykin:

Step 1:

Adding the total hours for each week:

Week of 3/10 = 5.5+6+9+12+7 = 39.5

Week of 3/17 = 8+8.5+9+13+4.5+4 = 47

Step 2:

Any sum of 40 hours or less gets multiplied by the hourly salary:

Week of 3/10: $39.5\times\$8.20 = \$323.90$ - That's the pay for that week

Week of 3/17: $40\times\$8.20 = \$328$

Step 3:

For hours worked over 40 the salary is 1.5 times the normal salary:

$\Rightarrow\$8.20\times1.5 = \$12.30$

Now multiply the hours over 40 for that week by the time and a half:

$\Rightarrow\$12.30\times7 = \$86.10$

And adding it to the $\$328$ we get,

$\$328+\$86.10=\$414.10$

Therefore, Week of 3/10: $\bold{\$323.90}$ and Week of 3/17: $\bold{\$414.10}$

6 0

2 years ago

Dan Dentist was selling the building in which his office was located so that he could relocate to a larger space. Ron, a very ag

tester [92]

Answer:

Duress 

Explanation:

Duress is a protection against an agreement. Duress is the wrong pressure to force an individual into an agreement that he or she would not normally enter into.

Duress involves using force intentionally or threatening force to induce the agreement.

It may be either physical or mental manipulation, but it must be intimidation to the degree that it robs the other individual of independent will or freedom of choice.

This implies that no fair alternative to entering the contract is left to the individual.

4 0

2 years ago

What is assignment?

hichkok12 [17]

Answer: The closest option is A. The rights to receive are transferred by the assignor to the assignee.

Explanation: An assignment is a term used in the area of the law of contract and of property and assets. In the legal field, assignment is the process whereby a person or a group ( the assignor) transfers his/her rights or benefits to an asset or property to another person or group (the assignee).

The whole process is documented and sealed by the signature of both parties in the presence of their lawyer.

7 0

2 years ago

Other financial data for the year ended December 31, 2020: Included in accounts receivable is $1,200,000 due from a customer and

shepuryov [24]

Answer:

$2,500,000

Explanation:

Calculation for the current liabilities total

Account payable and Accrued Liabilities $1,761,000

Add Income tax payable $654,000

Add Deferred income tax liability $85,000

Current liabilities total $2,500,000

($1,761,000+$654,000+$85,000)

Therefore the Current liabilities total is $2,500,000

4 0

2 years ago