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Yakvenalex [24]
3 years ago
13

The primary purpose of the legal reserve requirement is toa. Prevent banks from hoarding too much vault cash.b. Provide a means

by which the monetary authorities can influence the lending ability of commercial banks.c. Prevent commercial banks from earning excess profits.d. Provide a dependable source of interest income for commercial banks.
Business
1 answer:
oee [108]3 years ago
7 0

Answer: The correct answer is choice b.

Explanation: The primary purpose of the legal reserve requirement is to provide a means by which the monetary authorities can influence the lending ability of commercial banks. Basically, it is the Federal Reserve’s way of controlling the money supply.

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____________ looks at the behavior of individual people and organizations in specific markets.
mezya [45]

Answer: Microeconomics

Explanation:

Microeconomics is a branch of economics that studies the behaviour of individuals and firms in making decisions regarding the allocation of scarce resources and the interactions among these individuals and firms. Microeconomics focuses on the economics at an individual, group or company level.

The microeconomics helps in macro analysis. It is microeconomics that tells us how a free market economy with its millions of consumers and producers work to decide about the allocation of productive resources among the thousands of goods and services

7 0
3 years ago
What is the difference between classical economics and behavioral economics?
Nostrana [21]

3. Classical economics assumes people are rational and logical while behavioral economics adds psychology to the mix.

A major theory in classical economics is that human beings are rational and, given the necessary information they will make rational decisions and act rationally, however, Behavioral economics assumes that people are irrational players.

7 0
3 years ago
The musical instrument store estimates costs of $18,750.00 annually to carry inventory of musical instruments and accessories. t
guapka [62]
To find the value of the inventory to the nearest cent: 
Estimated costs are: $18,750
Storage costs: 12%
Interest costs: 12%
Transportation costs: 5%
Let's add the costs up: 12% + 12% + 5% = 29%  

We are solving for the value of inventory so in this case we will make that X.
X = estimated costs/interest amounts 
X = $18,750/29% 
X = $18,750/0.29
X = $64,655.17

The value of the inventory is $64,655.17

To check your work you can take $64,655.17 and multiply it by 29%
= $18,750
6 0
3 years ago
Kim hires michelle to go to the art gallery and purchase a specific painting for him. the painting costs $1,500. because this is
svetoff [14.1K]
<span>Under agency law, Michelle can work as Kim's agent in the purchase of the contract. Kim would be the principle under the contract, Michelle would be the agent, and the gallery would be the 3rd party. Kim needs to authorize Michelle to complete a contract on his behalf and he will in turn be bound, just as the gallery will be bound.</span>
5 0
3 years ago
Concerning the classification of customers in the business market, General Motors is a(n) _________ when purchasing a mainframe
zimovet [89]

Answer:

a. <u>user</u>; <u>original equipment manufacturer(OEM)</u>

Explanation:

Business markets refer to purchase and sale of products by businesses with one another. For example, output for one business might be used as an input for another.

A business would be termed as a user when it purchases goods from another business, wherein such goods are not directly used in the manufacturing or creation of it's products.

Original Equipment manufacturer refers to a business which buys certain products and subsequently incorporates them in an altogether newer product  within it's brand name.

6 0
3 years ago
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