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vovikov84 [41]
4 years ago
13

What is the functions of a commercial bank? Explain.

Business
1 answer:
Goshia [24]4 years ago
6 0

A commercial bank offers products and services such as loans, savings accounts, safety deposit boxes and mutual fund/insurance to individuals and businesses.

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Consider the following data on the factor endowments of two countries, A and B: Labor Force (millions of workers) 45 20Capital S
Alexus [3.1K]

Answer:

a. Country A

b. Country B

c. Country A

Explanation:

Given

For Country A

Labor force = 45 million = 45000000

Capital Stock = 15 thousand= 15000

For Country B

Labor Force = 20 million = 20000000

Capital Stock = 10 thousand = 10000

a. Which country is relatively capital abundant

A country is capital abundant if its endowment of capital relative to other factors is large compared to other countries.

We calculate the capital/labor ratio for each country.

For A, Ratio = 45000000÷15000 = 3000

For B, Ratio = 20000000÷10000= 2000

The Ratio of country A is greater than B.

So, A is capital redundant.

b. Which country is relatively labor abundant

A country is labour abundant if its endowment of labour relative to other factors is large compared to other countries.

We calculate the labor/capital ratio for each country

For A, Ratio = 15000÷45000000 = 0.000333

For B, Ratio = 10000÷20000000 = 0.0005

The Ratio of country B js greater than A

So, B is capital redundant.

c. Suppose that good S is capital intensive relative to good T. Which country will have comparative advantage in the production of S?

Heckscher–Ohlin theorem in the two-factor case, it states: "A capital-abundant country will export the capital-intensive good, while the labor-abundant country will export the labor-intensive good"

So, if product S is capital intensive relative to T then country A will have more advantage in production of product T to aid their exportation.

4 0
3 years ago
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Transactions for the Sheldon Cooper Company, which provides welding services, for the month of June are presented as follows.
dem82 [27]

Answer:

June 1 Sheldon Cooper invests $4,000 cash in exchange for shares of common stock in a small welding business.

Account Debited: Cash

Account Credited: Common Stock capital

2 Purchases equipment on account for $1,200.  

Account Debited: Equipment

Account Credited: Accounts Payable

3 Pays $800 cash to landlord for June rent.

Account Debited: Rent expense

Account Credited: Cash account

12 Bills P. Leonard $300 after completing welding work done on account.

Account Debited: Accounts receivable

Account Credited: Service revenue

5 0
2 years ago
Fifteen married couples are at a dance lesson, but now only five men and five women are selected at random, then randomly paired
Tresset [83]

Answer:

( ¹⁵C₂ )² × 5! = 1082161080

Explanation:

Data provided in the question:

Number of married couples = 15

Therefore,

Number of males = 15

Number of females = 15

Now,

The number of possible dancing arrangements

= Probability of selecting males × Probability of selecting males × ways of arranging 5 pairs

= ¹⁵C₂ × ¹⁵C₂ × 5!

= ( ¹⁵C₂ )² × 5!

= [\frac{15!}{5!\times(15-5)!}]^2 × ( 5 × 4 × 3 × 2 × 1 )

= [\frac{15\times14\times13\times12\times11\times10!}{5\times4\times3\times2\times1\times10!}]^2 × ( 5 × 4 × 3 × 2 × 1 )

= [\frac{360360}{120}]^2 × 120

= 1082161080

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4 years ago
The _____________ define(s) what the system does.
labwork [276]
1.A.The mission of the System
2.C.Losses
3.B.Operational Characteristics
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3 years ago
A podcaster has become quite talented at writing and producing content celebrating positive news. The podcaster bought professio
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create a budget this will help with his economic issues

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