1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
ELEN [110]
2 years ago
6

Banks are a stabilizing force in our entire financial system. Discuss two of the three primary function of the banking system.

Business
1 answer:
Illusion [34]2 years ago
7 0

Answer: Banks transfer money from savers to borrowers by holding deposits and lending excess reserves. Banks also create money by making loans of excess reserves.

Explanation: Those are two primary functions.

You might be interested in
Which one of the following characteristics relates to the cash break-even point for a given project?
kap26 [50]

Answer:

The project never pays back

Explanation:

The break even point in cash is a point where the minimum revenue amount of the firm arise from sales that are needed to generate the business by having the positive cash flows

hence,  the break even point in cash represents that the project will never pays back the invested amount

Therefore all the other options are wrong

6 0
2 years ago
Compute the selling price if variable costs are ​$16 per unit. Determine the formula used to calculate the selling price.
dezoksy [38]

Answer: $40

Explanation:

Selling price can be calculated through the contribution margin equation;

Contribution margin = (Selling Price - Variable cost) / Selling Price

Contribution margin = Fixed costs/break-even point

= 660,000/1,100,000

= 60%

60% = (Selling Price - 16) / Selling Price

Selling price * 60% = Selling price - 16

16 = Selling price - (0.6 * selling price)

16 = Selling price * 40%

16/40% = Selling price

Selling price = $40

3 0
2 years ago
Conor broke his wrist while playing basketball in the backyard. He ended up in the hospital. After an X-ray, MRI, doctor visit a
Anna11 [10]

Answer:

$6,000

Explanation:

A deductible is the amount Conor has to pay before his medical bills and prescriptions start getting coverage from his insurance.

Step 1: 10,000 - 2,000 = 8,000

A co-pay is a fixed amount the insured has to pay for certain medical services.

Step 2: 20% of 8,000 or 0.20 times 8,000 = 1,600

Step 3: add $2,000 (the deductible you have to pay) and $1,600 (the co-pay)

Total amount that Conor will have to pay for the hospital: $3,600

3 0
3 years ago
Anyone there PLAESe responed
Eva8 [605]

Answer:

I'm on here most of the time.

Explanation:

If you'd like, I'll try to answer all of your questions! Just give me the word. :)

8 0
3 years ago
An investor bought a one-acre lot on the outskirts of a city for $12,700 cash. Each year she paid $175 of property taxes. At the
german

Answer:

79.5%.

Explanation:

Rate of return = \frac{final value - initial value}{initial value} x 100

The cost of the acre = $12700.

Total property taxes paid for 7 years = $175 x 7

                                                             = $1225

Net value of cost = $12700 + $1225

                             = $13925

Net value of the land when sold = $25000

∴ Rate of return = \frac{25000 - 13925}{13925} x 100

                          = 0.7953 x 100

                          = 79.53%

The rate of return of the acre of land is 79.5%.

7 0
2 years ago
Other questions:
  • Mexico-based Rodriguez Engineering Corp. requires host-country nationals to be recruited to manage subsidiaries, while parent-co
    10·1 answer
  • Tempo Corp. will issue preferred stock to finance a new artillery line. The firm's existing preferred stock pays a dividend of $
    9·1 answer
  • Miscavage Corporation has two divisions: the Beta Division and the Alpha Division. The Beta Division has sales of $310,000, vari
    7·1 answer
  • Principals that manage an llc owe its members __________.
    11·1 answer
  • Which structure would you be most likely to choose if your company wanted to give its sales people a predictable paycheck and al
    15·2 answers
  • r. and Mrs. Chalk have three dependent children, ages 3, 6, and 9. Assume the taxable year is 2019. Compute their child credit i
    12·1 answer
  • A company has a net cash inflow from operating activities of $793,000, a net cash outflow of $58,000 from investing activities a
    9·1 answer
  • True or false: When units produced are less than units sold, net income under absorption costing will be less than net income co
    14·1 answer
  • look-alike tasteeos sell for far less than the market-leading cheerios brand. which market follower strategy is being employed b
    14·1 answer
  • List at least 6 things your credit card company must clearly disclose to consumers.
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!