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2 years ago

Central banks are responsible for the collection and the replacement of currency from circulation.

Business

1 answer:

Dmitriy789 [7]2 years ago

4 0

Answer:

The correct answer is letter "A": True.

Explanation:

Central banks are the financial institutions in charge of the monetary policy of their country on behalf of the central government. They regulate the money supply and the interest rates to maintain a country's economy the closest to its equilibrium level. In the United States, the central bank is the Federal Reserve (<em>Fed</em>). Central banks also collect and replace the currency in circulation.

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tatiyna

Answer:

$1,050,000

Explanation:

The computation of the net income is shown below:

Net income = Sales revenue × profit margin percentage

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3 years ago

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Step-by-step explanation:

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2 years ago

A bank has $8,000 in deposits and $6,000 in loans. It has loaned out all it can given the reserve requirement. It follows that t

Wittaler [7]

Answer:

c. 25 percent.

Explanation:

The computation of the reserve requirement percentage is shown below:

Given that

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3 years ago