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3 years ago

Banking is a general term for what?

2 answers:

7 0

What is a term in banking?
A general term encompassing savings banks, savings and loan associations, and credit unions. ... Demand deposit accounts, NOW (negotiable order of withdrawal) accounts, and credit union share draft accounts are examples of transaction accounts.

What is banking in simple terms?
A bank is a financial institution licensed to receive deposits and make loans. Banks may also provide financial services, such as wealth management, currency exchange, and safe deposit boxes. There are two types of banks: commercial/retail banks and investment banks

mafiozo [28]3 years ago

3 0

Answer:

financial institution

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Complete the sentence using the correct term.

Triss [41]

Explanation:

The line of a kitchen is where the actual cooking is done.

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3 years ago

If the price of an airline ticket from SFO to LAS were to increase by 10%, from $100 to $110 roundtrip, while all other demand f

shutvik [7]

Answer:

Quantity demanded declined to 250 rooms per night from 300 rooms per night.

Cross price elasticity of demand is negative.

Explanation:

Cross price Elasticity of demand = [change in quantity demand/ current demand] / [ % change in price]

Cross price elasticity of demand = {[300 - 250] / 300 } / 10

Cross price elasticity of demand is = -1.6

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3 years ago

Economic systems seek to answer what key economic questions Select all that apply. How should goods and services be produced? Wh

Lynna [10]

All economic systems must answer the 3 basic questions:

1. What goods and services will be produced

2. How will the goods and services be produced?

3. Who will consume the goods and services?

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3 years ago

Dahlia Colby, CFO of Charming Florist Ltd., has created the firm’s pro forma balance sheet for the next fiscal year. Sales are p

IgorC [24]

Answer:

a.-

Current Balance Sheet

Current Assets: 80 Liabilities 40

Fixed 280 Long Term Debt 125

Common Stock 53

RE: 142 (A)

Total Assets 360 Total liab + Equity 360

c-1

Projected Balance sheet

Current Assets: 96 Liabilties 48

Fixed assets: 336 Long term debt 174.6 (B)

Common Stock 53

RE 156.4

Total Assets 432 Total Liab+ SE 432

b) external funds nedeed addiontal external fund 57.6 Millions

c-2 the total liab will be 222.6

Explanation:

sales increase 20% to 480 so previously it had: 480/(1+20%) = 400

profit margin 15%

net income: 480 x 15% = 72

Dividends: 72 x 20% = 14.4

RE Increase: 14.4

(A) RE is solve by diffrence using the accounting equation

assets = liab + equity

360 = 40 + 125 + 53 + RE

RE = 360 - 40 - 125 - 53 = 142

(B) Long term debt is solve by diffrence using the accounting equation

assets = liab + equity

360 = 40 + LT debt + 53 + 156.4

LT debt= 360 - 40 - 53 -156.4= 174.6

Current liabilities:

40 + 125 = 165

Proejcted liab:

48 + 174.6 = 222.6

found needed: 222.6 - 165 = 57.6

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3 years ago

Opal deducted $2,560 of state income taxes on her tax return last year. this year she received a state income tax refund of $330

bazaltina [42]

negative 45 to become what she wants to
bra have a good day ill respond later

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3 years ago