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dsp73
3 years ago
7

Evaluate the following​ statement: ​"Saving money is not lending. How can it​ be? When I save my​ money, I put it in a bank. I​

don't loan it out to someone​ else." The statement is A. correct. Depositing money in a bank is​ borrowing, not saving. B. correct. Depositing money in a bank is neither saving nor borrowing. C. incorrect. The supply of loanable funds is determined by household saving. D. incorrect. The supply of loanable funds is determined by​ firms' willingness to borrow.
Business
1 answer:
salantis [7]3 years ago
3 0

Answer:

The correct answer is option C.

Explanation:

When we save we deposit it in  the bank and do not loan it out directly. But the bank keeps a certain portion of it and lends out the rest to those who need credit. So, the savings that we deposit in the bank become the basis of credit creation.

That is why the statement about saving and lending given in the question is incorrect.

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Answer:

Gordon Company

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Budgeted overhead cost For next month= $ 566,000

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Budgeted overhead cost For next quarter = $ 1346,000

Budgeted overhead cost For next year =$150,000 + ($52 x 99,000)

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Budgeted overhead cost For next year= $ 5298,000

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3 years ago
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<h3>What is Federal COBRA?</h3>

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<h3>How does COBRA work?</h3>

Under certain conditions, including voluntary or involuntary job loss, a reduction in hours worked, a change in employment, death, divorce, and other life events, the COBRA allows employees and their families who lose their health benefits to choose to continue receiving group health benefits from their group health plan for a finite amount of time. The full price for coverage up to 102% of the plan's cost may be demanded of qualified persons.

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1 year ago
A company that can outperform other organizations due to its ability to provide its goods and services more efficiently and effe
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A company that can outperform other organizations due to its ability to provide its goods and services more efficiently and effectively is said to have a competitive advantage.

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6 0
1 year ago
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