Answer:
(European) goldsmiths
Explanation:
European goldsmiths (Italian goldsmiths were the first) formulated a principle that only 5% of deposits were needed in reserve at any particular time, therefore they could lend 95% of the gold they held in deposit.
Goldsmiths would rent space in their vaults that allowed other people to keep their gold in a safe place. That led to transactions were notes indicating the amount of gold deposited would be traded instead of trading gold itself.
Eventually goldsmiths discovered that they could trade (lend) more money than the amount of gold they held in deposits, inventing fractional reserve banking.
B
Explanation:
An hourly wage is unfixed and can change depending on your ability but a salary doesn't change and ensures a continuous income
Solution:
Given,
R= 16%
g= 8%
Calculate stock value ,
=
x (1+g) ;
D1= 2.16
P0= ( 2.16/0.16 )-0.08
P0= $27
A value stock is a lower price protection exchange that can otherwise be implied by the performance of the company.
Answer: PRIVACY. 100% postive
Explanation:
Answer:
Explanation:
We shall apply the concept of coefficient of variation to know the consistency of data
coefficient of variation
= standard deviation / mean or average
In case of City A
coefficient of variation = 86 / 820
= .1048
In case of City B
coefficient of variation = 75 / 790
= .0949
Since it is less for city B , rent for this city is more consistence or with less of variation
So the conclusion is false.
