1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
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.

You might be interested in
When Harley-Davidson advertises to reinforce the perception that the brand is masculine, rugged, and individualistic, it is buil
andreev551 [17]

Harley-Davidson is building brand personality by reinforcing the perception that his brand is masculine, rugged, and individualistic.

<h3>What is Brand personality?</h3>

Brand personality is a characteristics attributed to a brand name to which the consumer can relate.

It is an effective brand increases which empowers one's company to build connections with its target audience.

Hence, Harley-Davidson is building brand personality by reinforcing the perception that the brand is masculine, rugged, and individualistic.

Learn more about Brand personality here: brainly.com/question/14558525

#SPJ1  

3 0
2 years ago
A step-wise variable cost can be separated into a fixed component and a variable component.a. Trueb. False
jeka94

Answer:

The correct answer is FALSE

7 0
3 years ago
Firm ABC sells 1000 units of widgets for $10 per unit per-week. Per-week it pays its employees $1500, rent $2000, materials $100
andrew-mc [135]

Answer:

C

Explanation:

7 0
3 years ago
offers a 6.3 percent bond with a current market price of $767.50. The yield to maturity is 8.49 percent. The face value is $1,00
musickatia [10]

Answer:

9.25 years

Explanation:

Price of the bond is the present value of all cash flows of the bond. These cash flows include the coupon payment and the maturity payment of the bond. Price of the bond is calculated by following formula:

According to given data

Assuming the Face value of the bond is $1,000

Coupon payment = C = $1,000 x 6.3 = $63 annually = $31.5 semiannually

Current Yield = r = 8.49% / 2  = 4.245% semiannually

Market value = $767.50

Market Value of the Bond = $31.5 x [ ( 1 - ( 1 + 4.425% )^-n ) / 4.425% ] + [ $1,000 / ( 1 + 4.425% )^n ]

Market Value of the Bond = $31.5 x [ ( 1 - ( 1 + 4.425% )^-n ) / 4.425% ] + [ $1,000 / ( 1 + 4.425% )^n ]

n = 18.53 / 2

n = 9.25 years

7 0
3 years ago
Read 2 more answers
An economy grows at an annual rate of 3​%. It will take approximately______years for GDP to double. ​An economy grows at an annu
Andreyy89

Answer:

24 years

7 years

Explanation:

Using the rule of 72, the number of years it would take GDP to double = 72 / annual rate

1. 72 / 3 = 24 years

2. 72 / 10 = 7.2 years

I hope my answer helps you

6 0
3 years ago
Other questions:
  • Questions Answered Incorrectly
    15·2 answers
  • 1. Assume that Bob Burn, a CEO of Global Foods, Inc. asks his board of directors to approve a decision to enter the soft drink b
    9·1 answer
  • Global Company sold merchandise to Montana Industries for cash, $3,450. The cost of merchandise sold was $1,850. Global Company
    10·1 answer
  • Karina looked at her paycheck stub. Her gross pay was $245 and her net pay was $200. How much did she have in deductions?
    10·2 answers
  • On September 1, 2021, Gold Gaming sold 400 one-year subscriptions to its online gaming website for $90 each. The total amount re
    9·2 answers
  • The heat sinks needed are bought for $14 each and are ordered in quantities of 1200 units. Annual demand is 6200 heat sinks, the
    5·1 answer
  • To close the drawing account with a debit balance, credit the account for its balance and debit the owner's capital account. tru
    7·1 answer
  • Why is eskom not a profitable company
    9·1 answer
  • What effect will firms entering have on the market​ price? When firms enter ​, A. the marginal cost of production will decrease
    13·1 answer
  • A store asked 250 of its customers to study the relationship between the amount spent on groceries and income. a meaningful disp
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!