If the commercial banking system actually loans out the maximum amount it is able to lend, excess reserves will fall to Zero
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<u>Explanation:
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The most key elements of the entire financial system are commercial banks. A commercial bank is an agency based on profits that give loans, receive deposits and sell other financial services, including overdraft and digital funds transfers.
Investments and lending money are the main activities of a commercial bank. Deposits are investments of money, real, or time. A commercial bank also lent its customers resources in the type of loans and loan advances, cash loans, overdraft and bill discounts, etc.
If excess reserves of a bank equal to zero, they are lent when excess reserves of a bank exceed zero. Finally, we neglect other investments than stocks, loans, and savings except for checkable deposits.
ISO 9001:2008 is the most comprehensive standard as it provides a set of requirements for a quality management system for all organizations, both private and public.
<h3>
What is ISO 9001:2008 Quality management systems ?</h3>
It aims to increase customer satisfaction through the effective application of the system, including processes for continuous system improvement and the assurance of conformity to customer and applicable statutory and regulatory requirements. The ISO 9001:2008 standard outlines the specifications for a quality management system where a company must prove its capacity to consistently deliver a product that complies with customer and relevant legal and regulatory criteria.
No matter the type, size, or type of product offered, all requirements of ISO 9001:2008 are generic and intended to be relevant to all enterprises.
Any ISO 9001:2008 requirement(s) that cannot be applied because of the nature of the business or the product might be excluded.
When exclusions are made, claims of conformity to ISO 9001:2008 are not acceptable unless they are restricted to Clause 7 requirements and do not affect the organization's capacity or obligation to deliver a product that complies with the needs of the customer and any applicable legal and regulatory requirements.
To learn more about the, ISO 9001:2008 Quality management systems visit:
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1. Avoid being ironic or sarcastic.This is because not all humorous statements could be understood or could be humorous to all other cultures in the world. There is some humor which cannot be explained or understood well by other foreign people. 2. Do not use complicated languages for reasoning or for giving concepts.This is to avoid any miscommunication between two parties and also to provide them access to use their own languages. 3. Avoid being discourteousIf you are in doubt, don't rush or panic. Make sure to call people using their first names if you don't have any idea if he or she is a male or female.
Answer and Explanation:
The classification is as follows
1. The bob is employed as he is an old professor
2. Cho is unemployed as she is laid off and she is trying to find any kind of job
3. Eric should not be counted in a labor force as he became so discouraged due to which he gave up for the job searching
4. Lucia is unemployed as she lost her job
5. Eric should not be counted in a labor force as he spent most of his time in gardening and reading
6. Ginny should not be counted in an adult population as she is only 11 years old