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Anton [14]
3 years ago
9

How does fractional reserve banking grow the economy?

Business
1 answer:
Aleks [24]3 years ago
6 0

Answer:

C. By allowing the same money to be both stored as a deposit and  loaned to businesses is the correct answer.

Explanation:

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Morale means confidence, enthusiasm, and discipline of a person or group at a particular time.
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The following data were provided by Mystery Incorporated for the year ended December 31: Cost of Goods Sold $ 159,000 Income Tax
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Income Statement is attached in the pictures.

Explanation:

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is the view of the global economic system as divided between certian industrialized nations that control wealth and developing c
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I do not understand your question explain further

8 0
3 years ago
The account balances of Sentinel Travel Service for the year ended August 31, 2019, are listed below:
Yanka [14]

Answer:

Explanation:

The preparation of the report form balance sheet as of August 31, 2019 is presented below:

                                      Sentinel Travel Service

                                 Report form balance sheet

                              For the year ended August 31, 2019

Assets

Cash                                             $143,125

Account receivable                     $54,240

Supplies                                       $9,300      

Land                                             $248,000

Total assets                                 $454,665

Liabilities

Account payable                        $19,370

Owner equity

Ending capital                            $435,295

Total liabilities

And owners equity                    $454,665

The net income would be

= Fees earned - Office expense - Miscellaneous expense - Wages expense

= $774,800 - $178,205- $15,495 - $371,905

= $209,195

And, the ending capital would be

= Opening capital - withdrawn amount + net income - additional cpiatl

= $209,000 - $29,400 + $209,195 + $46,500

= $435,295

7 0
3 years ago
To be successful, what must an entrepreneur be willing to invest? Check all that apply. money unemployment personal safety time
kotegsom [21]

The correct answer is 1, 4, 5.

1. Money.

4. Time.

5. Considerable effort.

Successful entrepreneur is termed as the right attitude towards business and grit to achieve success and also self determination.

A successful entrepreneur has a healthy opinion and sense to self confidence to abilities and skills.

The most important trait for an entrepreneur to be successful is self discipline.

3 0
3 years ago
Read 2 more answers
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