1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
slamgirl [31]
3 years ago
14

What are the primary functions of a central bank?

Business
1 answer:
Vesnalui [34]3 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.

  1. A central bank issues currency on behalf of the government.
  2. It formulates monetary policy on behalf of the government.
  3. It acts as a banker for the government.
  4. It acts as a banker for commercial banks.
  5. 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.

You might be interested in
Lorenzo Company applies overhead to jobs on the basis of direct materials cost. At year-end, the Work in Process Inventory accou
Sergio039 [100]

Answer and Explanation:

1. The computation of the predetermined overhead rate is shown below:

= Overhead applied ÷ direct material cost

= $846,000 ÷ $1,800,000

= 47%

2. The direct labor and overhead cost assigned to the job is shown below:

Total cost $89,000

Less: direct material cost $32,000

Less: overhead cost  $15,040 ($32,000 × 0.47)

Direct labor cost $41,960

7 0
3 years ago
Rhian believes he was unfairly passed over for a promotion, so he meets with his union steward to complain. The steward meets wi
bonufazy [111]
Why so that saying did correct answe right I don’t know the answer I am just answering to see something about my points because they are negative and I am trying something
7 0
2 years ago
EA4.
mart [117]

Answer:

$1,000

Explanation:

As we know that

Cost of material used = Beginning balance of inventory + purchase made during the month - ending balance of inventory

$900 = $200 + purchase made during the month - $300

$900 = -$100 + purchase made during the month

So, the purchase made during the month would be

= $900 + $100

= $1,000

We simply added the purchase to the beginning inventory and deduct the ending inventory

8 0
3 years ago
Failure of a VITA/TCE volunteer to comply with the Volunteer Standards of Conduct could result in which of the following?a.The v
N76 [4]

Answer:

D: All of the above

Explanation:

D. All of the above may be considered an appropriate action depending on the type of violation and the sponsoring partner’s corrective actions.

Failure to comply with these standards could result in, but is not limited to, the following:

• Your removal from all VITA/TCE Programs;

• Inclusion in the IRS Volunteer Registry to bar future VITA/TCE activity indefinitely;

• Deactivation of your sponsoring partner’s site VITA/TCE EFIN (electronic filing ID number);

• Removal of all IRS products, supplies, loaned equipment, and taxpayer information from your  site;

• Termination of your sponsoring organization’s partnership with the IRS;

• Termination of grant funds from the IRS to your sponsoring partner; and

• Referral of your conduct for potential TIGTA and criminal investigations

7 0
3 years ago
Flint Corporation issues $440,000 of 9% bonds, due in 9 years, with interest payable semiannually. At the time of issue, the mar
aleksklad [387]

Answer:

$414,282.91

Explanation:

The issue price of the bonds is also known as the Present Value (PV) or current price of the Bonds and is calculated as :

FV = $440,000

PMT = ($440,000 x 9%) ÷ 2 = $19,800

P/yr = 2

N = 9 x 2 = 18

I/yr = 10%

PV = ?

Using a Financial calculator to input the values as above, the PV or issue price will be $414,282.91

4 0
3 years ago
Other questions:
  • Select the instances in which you should include a comma
    12·2 answers
  • 5. Owes First National Bank $350 (Accounts Payable) A. Asset C. Both B. Liability D. Neither
    13·1 answer
  • Below are several amounts reported at the end of the year. Currency located at the company $ 1,050 Supplies 3,200 Short-term inv
    6·1 answer
  • The poverty rate for children under 18 in texas is while it is in the united states as a whole
    8·1 answer
  • Vivian worked as a manager at her company. She was asked to order a few cars that would be used by company employees. Which best
    12·1 answer
  • The Archer Daniels Midland Company is an enormous conglomerate that grows and produces many food products. It is sometimes calle
    10·1 answer
  • Fill in the blanks: Standard deviation measures ______ risk, while beta measures ______ risk.A. Asset-specific; market-wideB. Ma
    15·1 answer
  • Any restructuring of operations that ____ the difference between a foreign currency's inflows and outflows may ____ economic exp
    13·1 answer
  • What would be the best answer
    5·1 answer
  • There are three main credit reporting bureaus -- Equifax, Experian, and TransUnion. How frequently can you request and receive a
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!