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Natalija [7]
3 years ago
11

What is a savings and loans bank? advantages and disadvantages.​

Business
1 answer:
VARVARA [1.3K]3 years ago
6 0

Three advantages of savings accounts are the potential to earn interest, it's easy to open and access, and FDIC insurance and security. Three disadvantages of savings accounts are minimum balance requirements, lower interest rates than other accounts/investments, and federal limits on saving withdrawal.

You might be interested in
Distinguish between planned economy and mixed economy?​
Anettt [7]

Answer:

CHECK THE EXPLANATION.

Explanation:

A planned economy is a type of economic system where investment, production and the allocation of capital goods takes place according to economy-wide economic plans and production plans. A planned economy may use centralized, decentralized, participatory or Soviet-type forms of economic planning whereas a mixed economy is an economy organized with some free market elements and some socialistic elements, which lies on a continuum somewhere between pure capitalism and pure socialism. ... Mixed economies socialize select industries that are deemed essential or that produce public goods.

4 0
2 years ago
WHAT IS A Parliamentary System ABOUT
Zarrin [17]

Answer:

A parliamentary system or parliamentary democracy is a system of democratic governance of a state (or subordinate entity) where the executive derives its democratic legitimacy from its ability to command the support ("confidence") of the legislature, typically a parliament, to which it is accountable.

Explanation:

I took the test

4 0
3 years ago
A survey of 50 retail stores revealed that the average price of a microwave was $375 with a sample standard deviation of $20. As
ohaa [14]

Answer:

True cost of the microwave is in 99% confidence interval: c. $323.40 to $426.60

Explanation:

Relevant data:

n=50\\\mu=375\\\sigma=20\\\alpha=0,001

As we want to know the 99% confidence interval, the significance level is:

(1-\alpha).100\%=99\%\\1-\alpha=0.99\\\alpha=0.01

We need to estimate a confidence interval by a two tailed normal bell. Then we have:

Z_{\alpha/2}=Z_{0.005}

The z-value for a probability of 0.005 in a normal standard distribution is 2.576

Confidence interval is given by;:

\=x\±Z_{\alpha/2}\sigma\\375\±Z_{\0.005}(20)\\375\±(2.58)(20)\\375\±51.60

375+51.60=426.60\\375-51.60=323.40

True cost of the microwave is in 99% confidence interval: c. $323.40 to $426.60

6 0
3 years ago
When an auctioneer decides that no one will bid any higher for the goods on sale, the bidding is closed, usually by
Black_prince [1.1K]

Answer:

True

Explanation:

An auction is defined as a public sale of properties that considers bids from prospective buyers.

The highest bidder eventually makes the purchase.

The auctioneer calls for bids and when there is an unchallenged bid he pounds the gavel to indicate the item has been sold.

The auctioneer is the seller himself of am agent representing him.

At the start of the auction the seller sets a minimum price before bidding commences

8 0
3 years ago
Yowell Company began operations on January 1, Year 1. During Year 1, the company engaged in the following cash transactions: 1)
Luba_88 [7]

Answer:

$9,500

Explanation:

The cash flow statement categories the company's transactions in a financial period into 3 groups; these are operating, investing and financing.

The net profit/loss, depreciation, changes in current assets (other than cash) and liabilities are considered as operating activities including income taxes.  

The sale of assets, interest received, purchase of investments are examples of investing activities while the issuance of stocks, debt principal deduction (loan settlement), issuance of debt securities etc are examples of financing activities.

An increase in assets other than cash is an outflow while an increase in liabilities is an inflow. Depreciation and other non-cash expenses deducted in the income statements are added back while the non-cash income such gain on asset are deducted from net income.

Yowell's net cash flow from operating activities

= $44,000 - $10,500 - $24,000

= $9,500

Other transactions will be stated in the investing and financing sections of the cash flow statements

7 0
3 years ago
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