Fractional reserve banking is the practice where a bank accepts deposits, makes loans or investments, but is required to hold reserves equal to only a fraction of its deposit liabilities.
Answer:
Monthly payments = $1,234.54
Explanation:
given data
Future value = $1,000,000
time = 25 year = 25 × 12 = 300 months
rate = 7 % annual = = 0.5833% monthly
to find out
Monthly payments
solution
we will apply here future value formula that is express as
Future value = Monthly payments × ..........1
put here value we get
Future value = Monthly payments ×
1,000,000 = Monthly payments ×
solve it we get
Monthly payments = $1,234.54
Answer:
C) Unique value proposition
Explanation:
Product differentiation is a marketing strategy that strives to distinguish a company's products or services from the competition. Successful product differentiation involves identifying and communicating the unique qualities of a company's offerings while highlighting the distinct differences between those offerings and others on the market.
Answer:
D) long-term legal requirements to restore property
Explanation: