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Novosadov [1.4K]
3 years ago
8

Differentiate between Central Banks and other banks​

Business
2 answers:
m_a_m_a [10]3 years ago
8 0

Commercial banks serve individuals and businesses, while central banks serve the country's banking system. They provide money transfers back and forth between banks and governmental institutions both domestically and in cases of transactions with foreign entities.

ArbitrLikvidat [17]3 years ago
6 0

Answer:

i wanna know 2

Explanation:

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Your younger sister needs $50 to buy a new bike. She has opened a lemonade stand to make the money she needs. She currently is c
AleksandrR [38]

The correct answer is: "I would recommend her not to increase the price, because with an elastic demand function this will cause a great decrease in the quantity demanded by consumers".

The demand function represents the quantity of a certain good or service that consumers are willing to purchase in the market at different price levels. The law of demand states that there is an inverse relationship between price and quantity demanded (ceteris paribus, hence, given that the rest remains equal). <u>Therefore, when the price charged decreases, the amount that consumers are willing to purchase increases. </u>

In turn, the elasticity of the demand function measures the sensitiveness of the quantity demanded by consumers when there is a certain price change. If the demand function is elastic it means that a price variation would generate an even larger variation (in the inverse direction of course!) in the quantity demanded. <u>This is the case of the lemonade stand therefore the girl should not increase prices because this will not help her to reach her objective quicke</u>r, as she would loss a greater proportion of units sold than the size of the price increase that would have allowed her to earn more per unit.

5 0
3 years ago
If the Federal Reserve sells $50 billion of short-term U.S. Treasury Securities to the public, other things held constant, what
VLD [36.1K]

Answer:

b

Explanation:

5 0
3 years ago
A market segment is a group of individuals or organizations who share one or more characteristics.
Anastaziya [24]

Answer: True

Explanation: A part of population having one or more characteristics, grouped together for the purpose of marketing is called market segmentation. Market segmentation population have two or more common characteristics.

Market segmentation can be done on various different basis like geography, age or gender etc.

Hence, from the above explanation we can conclude that the statement is true.

6 0
3 years ago
In July 1, 2018, a two-year insurance premium on equipment in the amount of $672 was paid and debited in full to Prepaid Insuran
Helen [10]

Answer:

Income tax expense is $8,250. It is recorded by debiting Income tax expense by $8,250 and crediting Income tax payable by $8,250.

Explanation:

The income tax rate is 25%. Income tax is calculated on the taxable income after all other adjustments have been made.

Note that the question gives an income figure of $33,000. This is stated as the <em>income after the preceding adjustments but before income taxes.</em> Hence, this is the amount on which we calculate the income tax expense as follows.

Income tax expense = Taxable income x Income tax rate

                                  = $33,000 x 0.25

                                  = $8,250

The next requirement is to record the income tax expense in the journal. This income tax has not yet been paid by the company. Therefore, an income tax payable liability is created. The journal entry is as follows.

Debit: Income tax expense $8,250

Credit: Income tax payable $8,250

8 0
3 years ago
All the following statements concerning requirements to reinstate a lapsed life insurance policy are correct EXCEPT: Group of an
Assoli18 [71]

Answer:

Correct Answer:

b. There is no time limit on when the policy may be reinstated.

Explanation:

In life insurance, which is an insurance against event in the life of the individual in question, it is expected that, the person will be paying his premium fee regularly.

<em>In a situation, there was a lapses, in-order to reinstate the life insurance policy, it must be reinstated within 1 year in-order to be valid.</em>

6 0
3 years ago
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