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3 years ago

An individual bank will lose reserves to another bank when a check is written and deposited at the second bank.A) True B) False

Business

1 answer:

ddd [48]3 years ago

3 0

<u>Answer:</u>

False

<u>Explanation:</u>

As our government gave the right to banks to question any queries regarding another bank details if the transaction is being processed. All the information that are needed from the bank to withdraw the money and deposit the money should be given to analyse whether the person will return the fund on given time. It is useful in getting suitable knowledge about that person and banks can also communicate about the coming problems and what pros and cons they might be facing in coming years so that they can be warned.

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You found your dream vacation cottage in the mountains and your offer of $78,000 was accepted. You plan to put 20% down and will

zepelin [54]

Answer:

financing 62,400 dollars

Monthly Payment $ 465.48

Total Interest 21,386.4

Rounding to nearest $ 100

Additional $$ 34.52

We save up to 16 payments and $2,136.4 in interest.

By-weekly payment $232.60

Total Interest saved $ 194.4

Explanation:

78,000 less 20% down-payment: 62,400

Monthly Payment

$PV \div \frac{1-(1+r)^{-time} }{rate} = C\\$

PV $62,400.00

time 180

rate 0.0034375

$62400 \div \frac{1-(1+0.0034375)^{-180} }{0.0034375} = C\\$

C $ 465.484

Total Interest

quota times time less principal

$ 465.48 x 180 - 62,400 = 21,386.4

$ 500 - $ 465.48 = $ 34.52

$C \times \frac{1-(1+r)^{-time} }{rate} = PV\\$

C $500.00

time n

rate 0.0034375

PV $62,400.0000

$500 \times \frac{1-(1+0.0034375)^{-n} }{0.0034375} = 62400\\$

$(1+0.0034375)^{-n}= 1-\frac{62400\times0.0034375}{500}$

$(1+0.0034375)^{-n}= 0.571$

We now use logaritmics properties to solve for n

$-n= \frac{log0.571}{log(1+0.0034375)$

-163.2956066

180 - 164 = 16 payments

Total Interst 500 x 163.30 - 62,400 = 19,250

Interest savings 21,386.4 - 19,250 = 2,136.4

If payment are bi-weekly:

then payments will be:

$PV \div \frac{1-(1+r)^{-time} }{rate} = C\\$

PV $62,400.00

time 360

rate 0.00171875

$62400 \div \frac{1-(1+0.00171875)^{-360} }{0.00171875} = C\\$

C $ 232.598

And total Interest:

232.2 x 360 - 62,400 = 21,192

Difference 21,386.4 - 21,192 = $ 194.4

6 0

3 years ago

Beth has been searching for the right sunscreen lotion for her skin type. She tries a few brands, but none of them suit her sens

AlladinOne [14]

Answer:

The correct answer is C

Explanation:

Word of mouth is defined as the advertisers and marketers who seek to establish or create something worth talking regarding and then actively encourage the people to talk regarding it.

Organic word of mouth (termed as Organic WOM), is defined as the word of mouth that naturally happen, when the person become himself the advocate as they are happy with the product and have a desire to share the support.

So, in this case, the beth who searching fro lotion tries few brands, but when she finally finds the product or lotion which suits her skin. She tells her close friends regarding it. Therefore, it is an example of Organic Word of Mouth.

7 0

2 years ago

Why do large corporations want to become more like small businesses?

notsponge [240]

Answer:

Many large corporations want to become more like small businesses because they want to make their firm more flexible, resourceful, innovative, and competitive. ... For businesses based off the internet, they are able to adapt to market changes quickly.

3 0

2 years ago

Read 2 more answers

During the year, Juanita has the following income: Gift from her father to help with her student loans $8,500 Interest income on

stich3 [128]

Answer:

$565

Explanation:

First of all, the person that receives a gift does not pay taxes for it. Also, proceeds from a life insurance policy are not taxable either. Municipal bonds are not taxed by the federal government.

This means that Juanita's taxable income = $400 interests from Treasury bonds + $165 interests from savings account = $565.

6 0

3 years ago

What are some things marketers can do to add more utility to their Halloween products? *

zepelin [54]

Okay I'm going to put 5 things if you want more plz tell me

1-Host a Costume, Food or Pumpkin Carving Contest
2-Feature Your Products in Halloween Themed Projects

3-Re-post Your Customers’ Most Clever Halloween Projects

4-Decorate Your Store or Restaurant

5-Add Fall Flavors to Your Menu

8 0

3 years ago