Answer:
Lower reserves increase the money supply in the economy.
Banks can either keep deposits in reserves or give them out as loans.
the lower the reserve ratio, the higher the money multiplier and the higher the money supply.
Lowering the reserves can be a form of expansionary monetary policy
Explanation:
Fractional banking is a banking system where a portion of customer's deposits is kept as reserves while remaining portion is lent out. The amount kept as reserves is determined by the required reserve ratio set by the Central bank.
If the required reserve ratio is 10% and $100 is deposited, reserves would be $10 and $90 would be lent out
Increase in the total value of checkable deposit is determined by the money multiplier
Money multiplier = 1 / reserve requirement
Increase in value of total deposit = amount deposited / reserve requirement
Assume 100 is deposited in a bank and the reserve requirement is 10%
Increase in value of total deposit = 100 / 0.1 = 1000
Imagine that the reserve is reduced to 5%
Increase in value of total deposit = 100 / 0.05 = 2000
reducing the reserve requirement increased the value of total deposit and thus the money supply in the economy
Dividing tasks between employees always eliminates the possibility of collusion, but this is wrong.
Segregation of duties is important for effective internal control because it reduces the risk of errors or improper conduct. Preventing collusion helps fight fraud.
Separation of duties is an important practice to reduce the occurrence of errors and fraud by ensuring that employees do not have the opportunity to commit or conceal errors or fraud in the performance of their duties. That is internal control.
Separation of duties reduces the risk of fraud or misconduct as each affected employee has access controls and restrictions in place. Task division is delegating different steps of the process to different people to delegate important functions.
To learn more about collusion
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Answer:
$32,300
Explanation:
Begining equity = Begining asset - Begining liabilities
= $231,000 - $96,500 = $134,500
Ending equity = Ending asset - Ending liabilities
= $262,000 - $78,400 = $183,600
We will find the net income for the year using the below formula:
Ending equity = Begining equity + Stock issuance + Net income - Dividend paid, or:
$183,600 = $134,500 + 23,500 + Net income - $6,700.
Solve the above equation we get Net income = $32,300
how each of these "w"? im guessing it means work. and three weapons from then that are "new"? are:
Rifles. All nations used more than one type of firearm during the First World War. The rifles most commonly used by the major combatants were, among the Allies, the Lee-Enfield .303 (Britain and Commonwealth), Lebel and Berthier 8mm (France), Mannlicher–Carcano M1891, 6.5mm (Italy), Mosin–Nagant M1891 7.62 (Russia), and Springfield 1903 .30–06 (USA). The Central Powers employed Steyr–Mannlicher M95 (Austria-Hungary and Bulgaria), Mauser M98G 7.92mm (Germany), and Mauser M1877 7.65mm (Turkey). The American Springfield used a bolt-action design that so closely copied Mauser’s M1989 that the US Government had to pay a licensing fee to Mauser, a practice that continued until America entered the war.
Machine guns. Most machine guns of World War 1 were based on Hiram Maxim’s 1884 design. They had a sustained fire of 450–600 rounds per minute, allowing defenders to cut down attacking waves of enemy troops like a scythe cutting wheat. There was some speculation that the machine gun would completely replace the rifle. Contrary to popular belief, machine guns were not the most lethal weapon of the Great War. That dubious distinction goes to the artillery.
Flamethrowers. Reports of infantry using some sort of flame-throwing device can be found as far back as ancient China. During America’s Civil War some Southern newspapers claimed Abraham Lincoln had observed a test of such a weapon. But the first recorded use of hand-held flamethrowers in combat was on February 26, 1915, when the Germans deployed the weapon at Malancourt, near Verdun. Tanks carried on a man’s back used nitrogen pressure to spray fuel oil, which was ignited as it left the muzzle of a small, hand-directed pipe. Over the course of the war, Germany utilized 3,000 Flammenwerfer troops; over 650 flamethrower attacks were made. The British and French both developed flame-throwing weapons but did not make such extensive use of them.
there are many more, but here are 3 i found from a trustworthy source!
