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3 years ago

What is a major function of both retail and business banks?

Business

1 answer:

IRISSAK [1]3 years ago

5 0

Answer:

Explanation:

Retail banking is a banking system that deals directly with retail consumers. Retail banking is responsible for providing financial aid to the general population. The major function of retail banking includes providing financial aid, checking and savings accounts.

Business banks, on the other hand, are also a part of the banking industry. It specifically deals with corporates and businesses, ranging from small-sized businesses to large-sized corporates. The major function of corporate banking or business banking is also to provide financial aid, checking and savings accounts.

Therefore, option C is the correct answer.

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If the supplies on hand at the end of January totaled $500 and the Supplies on Hand account before adjustment is $900, what shou

Natali5045456 [20]

Answer:

The adjustment at month-end is :

Supplies Expense $400 (debit)

Supplies $400 (credit)

Explanation:

The Supplies Account is an asset Account that decreases as the supplies are used in the business.

The use of supplies prompts the recognition of an expense and de-recognition of an asset as follows :

Supplies Expense $400 (debit)

Supplies $400 (credit)

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3 years ago

On the Budget Challenge Cash Flow Spreadsheet (CFS) (this file is downloadable on the "How to Play" page of the website), what c

stira [4]

Deposit column. You can also state in the comments section that it was interest earned from the checking account.

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3 years ago

A formula that calculates the total dollar value of all goods and services produced in a nation and all the goods and services p

Lina20 [59]

Answer:

Gross National Product (GNP)

Explanation:

According to Investopedia, "the Gross National Product is the value of a nation's finished domestic goods and services during a specific time period".

*Note that the GNP should NOT be confused with the GDP (Gross Domestic Product). The GDP only accounts for the value of goods and services produced within a nation's borders, while the GNP also adds the value of services produced by that country's employees and companies in other nations.

7 0

3 years ago

U.S. cola companies entered the global market because of:

STatiana [176]

Answer:

C. limited growth opportunities in their domestic market.

Explanation:

U.S. cola companies entered the global market because of limited growth opportunities in their domestic market.

6 0

3 years ago

At Mattress Store, Nate signs a contract to buy bedroom furniture. The contract sets a schedule of $500 monthly payments, subjec

earnstyle [38]

Answer:

procedural unconscionability

Explanation:

Since Nate is finding the language of the contract difficult to understand. This is most likely a case of procedural unconscionability.

In contract law, procedural unconscionability refers to a situation where the unconscionability results from inequalities between the parties in respect of age, intelligence, and relative bargaining power.

Furthermore, procedural unconscionability projects an indication that both parties did not freely consent to all terms proposed.

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3 years ago