All categories

2 years ago

The main role of banks in the nations economy is to

Business

2 answers:

Alja [10]2 years ago

6 0

Explanation:

The main role of banks in the nation's economy is to regulate the money supply between the surplus and the deficit economic agents. Banks in a country accepts people's deposits, give loans to people and charge interests on the given amount, issue treasuries and give interests on that, make profits through the difference between the interest rate paid and charged to the depositors and borrowers. Precisely, a bank helps a country's economy to regulate the supply of money by acting as an intermediary between the surplus and deficit agents of money.

ahrayia [7]2 years ago

5 0

Stabilize the float of economy and value

You might be interested in

Suppose that Juan Carlos is filling out a survey that he received in the mail. The survey would do if the price of his favorite

GaryK [48]

Answer:

A. The definition of a market in determining the price elasticity of demand.

Explanation:

Price elasticity of demand is the height of responsiveness of demand or purchase to changes in price. It shows how consumers or buyers would react to the demand for a product when the price of their favourite brand increases.

Reaction of consumers in the market place is one of the determinants of price elasticity of demand. It tells how buyers will switch to different brand of products if the price of their favourite brand increases. It also shows how consumers will adjust their spending abilities if the price of all the brands are increased at the same time.

Alternatively, consumers would demand for the brand that falls within the limit of their spending.

4 0

2 years ago

Bramble Company typically sells subscriptions on an annual basis, and publishes six times a year. The magazine sells 102000 subs

nirvana33 [79]

The answer is option A. a. Cash 900,000 Unearned

Subscription Revenue 900,000

On the part of the seller, the sale of 60,000

Magazines at $15 constitute liability.

Remember that cash has already been received by the company.

Hence, this amount is yet to be earned by the company that it is considered liability on the part of the seller.

Account Title Debit Credit

Cash 60,000 subscriptions * $15 $900,000

Unearned Subscription Revenue $900,000

Take note that the unearned subscription revenue is amortized to subscription revenue on a monthly or yearly basis.

Disclaimer:-your question is incomplete, please see below for complete question.

a. Cash 900,000 Unearned

Subscription Revenue 900,000

b. Prepaid Subscriptions 900,000

Cash 900,000 Subscriptions

c. Receivable 150,000

Unearned Subscription Revenue 150,000

d. Subscriptions Receivable 900,000

Subscription Revenue 900,000

Learn more about subscriptions here:-brainly.com/question/15301858

#SPJ4

4 0

1 year ago

Randolf, a wealthy connoisseur of arts, was invited to an art exhibition. He became very interested in one of the showcased pain

Citrus2011 [14]

Answer:

The answer is A. Mutual mistake

Explanation:

A contract is an agreement ( whether written or verbal ) between two parties that is legally binding.

A mutual mistake occur in a contract when both parties to a contract are mistaken about a material fact. It is a situation where the parties to a contract have identical misconception about a material fact in the contract.

In the explanation given in the contract between Randolf and the Art gallery manager, it is obvious that the art painting that is to be bought and sold was not well clarified by both parties, and the art manager acted based on an invalid assumption.

Hence the correct answer to this question is A. Mutual mistake

7 0

3 years ago

Read 2 more answers

2. You are the human resources manager for a famous retailer and are trying to convince the president of the company to change t

Colt1911 [192]

The goal of any reasonable firm is to optimize its earnings. Providing incentives to the workers is one of the management methods to induce maximum effort from them in order to achieve the objective of the firm.In the present structure of employee settlement where the retail personnel is paid a fixed wage of $20 per hour, there's no reward for the retail sales staff to push more difficult for the sales and increase the profits. There is no penalty on them in case the sales go down and the profits are negatively affected.In the proposed worker compensation structure where each of the retail personnel is paid 1 percent of the shop's daily revenues over and above a fixed wage of $10 per hour, the staff is motivated to work harder to increase the sales and the profits of the firm. Each of the retail staff members then will be motivated by self-interest and devise methods to increase their productivity so that they can maximize their everyday compensation. Hence, by taking care of their self-interest, they will indirectly help in attaining the company's objective of maximizing its daily earnings to $25,000 per shop.

4 0

1 year ago

Reporting Financial Statement Effects of Bond Transactions Lundholm, Inc., which reports financial statements each December 31,

saw5 [17]

Answer:

Lundholm, Inc

Journal Entries

Date Account Titles Debit Credit

May 1, 18 Cash $500,000

Bonds payable $500,000

(To record the bond issuance)

31 Oct, 18 Interest Expenses $22,500

(500000*9%*6/12)

Cash $22,500

(To record payment of the first semiannual period’s interest)

Nov 1, 19 Bonds payable $300,000

Loss on Bonds $3,000

Cash $303,000

(To record retirement the bonds at 101 on November 1, 2019)

8 0

2 years ago