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2 years ago

A student remarks:

Business

1 answer:

inessss [21]2 years ago

7 0

Answer and explanation:

The position of the student is correct. Financial intermediaries are entities participating in a financial transaction that function as a bridge. A financial intermediary helps lenders contact creditors and buyers meet with sellers. In fact, the parties on either side of the transaction do not need to meet at all, thanks to the financial intermediary. Eventually, depositors earn a profit by the interest of the money stored in the financial intermediary.

The situation explained above is not the same when talking about insurances. Insureds pay a monthly fee for having a policy that provides them with coverage according to the insurance. If the insurance was never used, the money paid by the insured is not given back.

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Which of the following was the cause of the passage of the Blaine Amendments?

umka21 [38]

The one that was the cause of the passage of the Blaine amendments was : Congress was not thoroughly prohibiting states from funding religious schools.
As the part of separation of state and church, the amendment was created to forbid direct government aid to educational institution with religious affiliation, the program was considered a failure

7 0

2 years ago

Read 2 more answers

The smaller the required reserve ratio the larger the simple deposit multiplier. Do you agree or disagree with this statement. E

TiliK225 [7]

Answer:

Agree

Explanation:

A deposit multiplier is maximum amount of money that can be created for each unit of reserve. It is key requirement for maintaining economy's basic money supply. The simple deposit multiplier is 1 / rr * change in R. Deposit multiplier is the inverse of reserve ratio. The higher the reserve ratio the lesser will be the deposit multiplier. Reserve ratio is the minimum amount of money that must be kept in the deposit.

8 0

2 years ago

Suppose the nominal GDP is $25 million, the price level is 1.25, and the central bank has set the money supply at $10 million. W

lidiya [134]

Answer:

a) real GDP =$20,000,000

b)velocity of money is 2.50

Explanation:

Nominal GDP is normal spending carried out in terms of dollars.

Nominal GDP is the product of real GDP and price level

Nominal GDP= real GDP*Price level

Given the nominal GDP=$25 million and the price level =1.25 then,

$25000000=real GDP *1.25

$25000000/1.25 = real GDP

$20000000= real GDP

Apply the quantity equation in economics which is;

money supply*velocity of money =price level * real GDP

Given the money supply is=$10,000,000 then,

velocity of money = (price level*real GDP)/money supply

velocity of money = (1.25*20,000,000)/10,000,000

velocity of money =2.50

4 0

3 years ago

Read 2 more answers

A publisher faces the following demand schedule for the next novel from one of its popular authors:

enyata [817]

Answer and Explanation:

The completion of the second, fourth, and fifth columns of the given table is to be shown in the attachment below:

As we know that

Profit = Total revenue - total cost

Total revenue is the revenue earned by the company by multiplying the price with the quantity demanded

While the total cost is

= Fixed cost + variable cost

The marginal revenue comes from

= Change in total revenue ÷ change in quantity

We simply use these formulas in the spreadsheet below.

4 0

2 years ago

Concord Corporation had the following transactions during 2022: 1. Issued $190000 of par value common stock for cash. 2. Recorde

sergejj [24]

Answer:

The net cash provided by financing activities -$157,600.

Explanation:

Net cash provided by financing activities refers to the difference between the total cash inflows and total cash outflows from the financing activities section of the cash flow staement.

The net cash provided by financing activities can be calculated by preparing a partial cash flow statement as follows:

Concord Corporation

Net Cash Flow Statement (Partial)

As at December 31, 2022

Details Amount

Par value common stock issued for cash 190,000

Dividend declared and paid in cash (15,200)

6-year note payable repaid (334,400)

Net cash provided by financing activities (157,600)

Therefore, the net cash provided by financing activities -$157,600.

Alternatively, the net cash provided by financing activities can be calculated as follows:

Net cash provided by financing activities = Par value common stock issued for cash - Dividend declared and paid in cash - 6-year note payable repaid = $190,000 - $15,200 - $334,400 = -$157,600

7 0

2 years ago