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3 years ago

The difference between a secured loan and an unsecured loan is _____.

Business

2 answers:

PSYCHO15rus [73]3 years ago

5 0

D. a secured loan requires collateral and an unsecured loan does not

marta [7]3 years ago

3 0

The difference between a secured loan and an unsecured loan is a secured loan requires collateral and an unsecured loan does not. Correct answer: D

Secured loans are loans that are backed by an asset, like a house in the case of a mortgage loan or a car with an auto loan. An unsecured loan on the other hand is not tied to any of your assets and the lender can't automatically seize your property as payment for the loan.

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3 years ago

Beleaguered State Bank (BSB) holds $500 million in deposits and maintains a reserve ratio of 20 percent. Complete the following

leonid [27]

Answer:

1. See part 1 of the attached excel file for the T-account.

2. See part 2 of the attached excel file for the T-account.

3. Because BSB is cutting back on its loans, other banks will find they have <u>lower</u> reserves, causing them to <u>reduce</u> their loans. Which of the following ways represent an alternative for BSB to return to its original reserve ratio? Check all that apply.

4. The correct options are b. Borrow money from another bank and d. Attract additional deposits.

Explanation:

1. Beleaguered State Bank (BSB) holds $500 million in deposits and maintains a reserve ratio of 20 percent. Complete the following T-account for BSB.

Note: See part 1 of the attached excel file for the T-account.

In the attached excel, the following calculations are made:

Reserves = $500 million * 20% = $100 million

Loans = $500 - $100 = $400

2. Now suppose that BSB's largest depositor withdraws $25 million in cash from her account. BSB decides to restore its reserve ratio by reducing the amount of loans outstanding.

Note: See part 2 of the attached excel file for the T-account.

In the attached excel, the following calculations are made:

Deposits = $500 million - $25 million = $475 million

Reserves = $475 million * 20% = $95 million

Loans = $475 - $95 = $380

4. Which of the following ways represent an alternative for BSB to return to its original reserve ratio? Check all that apply.

The correct options are b. Borrow money from another bank and d. Attract additional deposits.

Download xlsx

4 0

3 years ago

The fundamental attribution error:______ a. advantages non-dominant group members while disadvantaging dominant group members. b

guapka [62]

Answer:

Option B

Explanation:

In simple words, The fundamental mistake throughout the attribution refers to the propensity for individuals to overemphasise personal attributes and neglect environmental variables in evaluating actions of others.

For instance, in one experiment whenever something unpleasant occurred to somebody else, participants blamed the actions or attitude of that individual 65 per cent of the total times. Thus, from the above we can conclude that the correct option is B.

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3 years ago

Ana Co. uses the allowance method to account for bad debts. At the end of the period, Ana's unadjusted trial balance shows an ac

Afina-wow [57]

Answer:

A. $800

Explanation:

Ana Co.

Sales $500,000

Accounts Receivable $40,000

Allowance for doubtful accounts $300 Credit

Bad Debts Expense = 2 % of $ 40,000= $ 800

The adjusting entry would be

Bad Debts Expense $ 800 Dr.

Allowance for doubtful accounts $800 Credit

As we already have a credit balance of $ 300 in the doubtful accounts we will increase it with an amount of $ 500.

Allowance for Doubtful Accounts $ 500 Debit

Account Receivable $ 500 Credit

6 0

3 years ago

In 2019, Brazil's trade deficit as share of GDP widened. In that year, government deficit as share of GDP declined and investmen

ad-work [718]

Answer:

The private savings as a share of the GDP must have declined.

Explanation:

according to the twin deficit hypothesis:

budget deficit = savings + trade deficit - investments

the government deficit as a share of GDP declined and investment as a share of GDP remained constant that means that the savings should decline.

7 0

3 years ago