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irina1246 [14]
3 years ago
9

Select the correct term for each of the following definitions. Definition Term An interest-earning deposit with a specified matu

rity date Any good that is widely accepted for purposes of exchange and in the repayment of debt Coins and paper money Which of the following statements about the history of banks are true? Check all that apply. Warehouse receipts, issued by goldsmiths were often used instead of gold itself to make payments. The amount of gold represented by warehouse receipts was less than the actual amount of gold on deposit. Goldsmiths held deposited gold and issued receipts to their customers.
Business
1 answer:
Lesechka [4]3 years ago
4 0

Question Completion with Options:

Money, Currency, Time Deposit

Answer:

1. Terms          Definitions

Time Deposit  An interest-earning deposit with a specified maturity date                                                                      

Money            Any good that is widely accepted for purposes of exchange

                       and in the repayment of debt

Currency        Coins and paper money

2. The statements about the history of banks that are true:

Warehouse receipts, issued by goldsmiths were often used instead of gold itself to make payments.

Goldsmiths held deposited gold and issued receipts to their customers.

Explanation:

Banking evolved with the activities of goldsmiths who warehoused gold brought by customers for safeguarding by issuing them with warehouse receipts.  Before long, the warehouse receipts were used as a means of payment (or exchange).  That is, the warehouse receipts were used as currency, which is the modern-day equivalent of coins and paper money.

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The Federal Reserve's tools to control the money supply include open-market operations, the discount rate, and interest payments
leva [86]

Answer:

PART-1  

How should each instrument be changed if the Fed wishes to decrease the money supply?

The Fed would deportment open-market sales, increase the discount rate, and raise interest paid on reserves.

PART-2)  

Will the change affect the monetary base and/or the money multiplier?

The money multiplier refers to the capacity of money that financial institute like banks produce with each dollar of funds. Money base is exaggerated by the open-market processes and discount rate. Any alteration in interest expenditures on reserves modifies the money multiplier.

3 0
4 years ago
On January 1, a company purchased a five-year insurance policy for $3,300 with coverage starting immediately. If the purchase wa
marissa [1.9K]

Answer:

a. Debit Insurance Expense. $660, credit Prepaid Insurance, $660.

Explanation:

The adjusting entry is shown below:

Insurance expense Dr $660 ($3,300 ÷ 5 years)

          To Prepaid insurance

(Being the insurance expense is recorded)

here we debited the insurance expense as it increased the expense and credited the prepaid insurance as it decreased the assets

Therefore the option a is correct

7 0
3 years ago
A company currently sells products in the United States and is considering expanding to China or Vietnam. Expanding won't impact
mariarad [96]

Answer: Company should not expand to either.

Explanation:

Find the expected values of expanding to either country and pick the country with the highest expected value:

China:

= ∑(Probability of outcome * Outcome)

= (20% * 2,000,000) + (30% * 1,000,000) + (50% * -2,000,000)

= -$300,000

Vietnam:

= (70% * 1,000,000) + (30% * -2,500,000)

= -$50,000

<em>Both countries result in an expected loss so company should not expand to either of them. </em>

3 0
3 years ago
A company has sales of $640,000, net profit after taxes of $23,000, a total asset turnover of 4. 17 and an equity multiplier of
spayn [35]

A corporation has $640,000 in sales, $23,000 in net profit after taxes, a 4.17total asset turnover, and a1.67 equity multiplier. response is9%.%

The ratio of a company's net income to the equity of its shareholders is known as return on equity (ROE). A company's profitability and the effectiveness of its revenue generation are measured by its return on equity (ROE). The better a corporation is at turning its equity financing into profits, the higher its ROE.

Return on Asset is expressed as a percentage of the total return an organization generates in relation to its total assets. The return on asset calculation formula is.

Return on assets is calculated as Net Profit After Taxes by Asset Turnover and Sales multiplied by100. For example, Return on Assets is $23,000*2.5by640000*100 Return on Assets is $57,500/640000*100 Return

Learn more about equity here.

brainly.com/question/28202983

#SPJ4

8 0
2 years ago
50 PTS!!!!!!!!!!!!
ioda
<span>A facility manager is the person responsible for coordinating all the employees and entities involved in the facility to ensure that they work on behalf of the facility and help meet its short- and long-term goals and objectives. Many people are in fact facility managers in their daily lives and do not realize it. The person who is the head of a household is really a facility manager. That person needs to purchase the house, pay the mortgage, paint the rooms, install new equipment such as air conditioners, maintain existing systems such as the roof, manage facility "subletting" (as in determining who is going to get which room), interact with government entities to pay taxes, and employ tradespeople such as plumbers and electricians.

Hope this helps.</span>
6 0
3 years ago
Read 2 more answers
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