Answer:
2. True
Bank charges are the various fees account holders are charged in respect of maintenance of the account along with any other charges incurred in respect of specific transactions (e.g. cheque clearance charges, fund transfer charges, collection charges, etc). Bank charges are charged directly to the customer account thereby reducing the bank balance shown in the bank statement. These charges are usually not recorded by the business until the bank provides the bank statement at the end of a month which is why balance as per bank statement may be lower than the cash book balance.
Answer: D
Explanation:
All stock markets around the world are independent. Edge 2020
Answer:
The bond's issue(selling) price is $1,085,308.00
Explanation:
The price of the bond is the present values of the future cash flows discounted to present values.Instead of discounting the coupons an annuity factor was used instead but the par value receivable at maturity was discounted using the discounting factor in the question.
Kindly find attached.
Answer:
A policy instrument (variable directly under the control of policy makers)
Explanation:
The Fed's discount rate is a monetary policy tool used to expand or contract the money supply.
When the Fed lowers the discount rate, it is engaging in an expansionary monetary policy which will increase the money supply, lower interest rates and increase total aggregate demand.
When the Fed raises the discount rate, it is engaging in a contractionary monetary policy which will decrease the money supply, increase interest rates and fight rising inflation.
Answer:
Lawyers fees would probably decrease
Explanation:
If there's a large supply of lawyers than the demand for them will drop, causing fees to drop.
