Describe at least two negative outcomes of having too little money and credit in the economy. (2-4 sentences) Answer:

1 answer:

4 0

Having too little money and credit often means the level of money someone is borrowing is high. So they have little money and are paying finance charges. Second it becomes harder to take advantage of oppurtunities, so changing the situation is a challenge.

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The Federal Reserve bank acts as banker to both the United States and various international banks true or false

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That's not true at all, so it'll be False

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Information in the Financial Statements A financial statement is a summary of all the financial transactions that have occurred

4vir4ik [10]

Here's the remaining part of the question:

Please analyze and place each item in the appropriate financial statement to which it belongs;

Revenues, Long-term liabilities, Owner's equity, Insurance expense, Land, Patents, Costs of Goods Sold, Income tax, Advertising expense, Insurance expense, Net change in cash, Accounts Receivable

Explanation:

1. Balance Sheet: Note that this financial statement usually shows the asset and liabilities of the firm's account for a particular period of time. These items are found:

Owner's equity,
Patents,
Long-term liabilities
Accounts Receivable
Land

2. Income Statement: this financial statement is primarily focused on the revenues and expenses expenses of the firm. Items found includes;

Revenue,
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Advertising expense,
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Insurance expense,

3. Statement of cash flow

Net change in cash,

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Leona [35]

The correct answer would be B. This is because you are spending more money aka $12,000 which would result in you having less money than if you bought one for $8,000!

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In order to encourage people to spend more money and stimulate the economy the government slashed the individual income tax rate

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