All categories

3 years ago

The main role of banks in the nations economy is to

Business

2 answers:

Alja [10]3 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]3 years ago

5 0

Stabilize the float of economy and value

You might be interested in

I don’t understand this and need help

LuckyWell [14K]

I think tools, design, and materials

6 0

3 years ago

Jesse wants my thoughts on how we can use prototyping for tims. she also wants me to prepare a system requirements document and

svp [43]

When prototyping new products, most people will want a presentation on what the prototype will look like, the functions, the benefits, how it differs from previous products or other companies' products and the pricing. A management presentation is important because it should help break down all the information needed before approval of the new product is approved.

4 0

2 years ago

Which of the following describes the activities that play an important role in connecting brands to consumers in the final phase

expeople1 [14]

The activity that play an important role in connecting brands to consumers in the final phases of the buying process is C. Retailing.

<h3>What is the role of retailing in the buying process?</h3>

Retailing refers to the set of activities that allow for consumers to be able to access goods and services that were produced by different companies and brands. The process of retailing often comes in the final phases of the buying project as it involves the consumers who are the end stage of the buying process as they are the ones to consume the goods and services being sold.

Retailing is therefore hugely important because it connects the brands to the consumers that they serve . Without retailing, companies would make products and services and be unable to sell them to anyone as they would not have any connection to the final consumers .

Find out more on retailing at brainly.com/question/29357664

#SPJ1

8 0

1 year ago

Corporation has two manufacturing departments--Casting and Customizing. The company used the following data at the beginning of

Pavel [41]

Answer:

Allocated overhead= $37,260

Explanation:

Giving the following information:

Total

Estimated total machine-hours (MHs) 10,000

Estimated total fixed manufacturing overhead cost $38,000

Estimated variable manufacturing overhead cost per machine-hour $4.3

<u>First, we need to calculate the plantwide predetermined overhead rate:</u>

Predetermined manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base

Predetermined manufacturing overhead rate= (38,000/10,000) + 4.3

Predetermined manufacturing overhead rate= $8.1 per machine-hour

<u>Now, we can allocate overhead to Job G:</u>

Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base

Job G

Casting machine-hours 1,600

Customizing machine-hours 3,000

Allocated overhead= 8.1* (1,600 + 3,000)= $37,260

6 0

3 years ago

You are taking a $6,226 loan. You will pay it back in four equal amounts, paid every year, with the first payment occurs at the

Pavlova-9 [17]

Answer:

annual payment = $2,362.88

Explanation:

we must first calculate the future value of the loan at the end of year 4 = $6,226 x (1 + 11%)⁴ = $9,451.51

using the present value of an annuity formula we can determine the annual payment:

annual payment = present value of an annuity / PV annuity factor

present value of an annuity = $9,451.51
PV annuity factor 11%, 4 periods = 3.1024

annual payment = $9,451.51 / 3.1024 = $2,362.88

4 0

3 years ago