$2,000 bank loan out as a result of this deposit.
Banks create new money by making loans. Banknotes issued by banks are not stamped with the stamp of the federal reserve bank. It is electronic money that glows on the screen when checking the balance at an ATM. Banks can generate money through the accounts they use when making loans.
Therefore, when the bank receives additional deposits, it receives an equal amount of reserves. If you lose your deposit, you lose an equal amount of your reserve.
A deposit is a financial term that means money held in a bank. A deposit is a transaction of transferring funds to another party for safekeeping.
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Mike could leave lon behind, walk lon home, offer to pay for a taxi or finally he could stay with him.
Answer:
2030
Explanation:
The computation of the total number of new generators including this year is shown below
Given that
(A) = 100
Common Ratio (r) = 1.15
n = 10
Now
Sum of 10 terms Sn is
= A × (r n - 1) ÷ (r - 1)
= 100 × (1.1510 - 1) ÷ (1.15 - 1)
= 100 × 3.0456 ÷ 0.15
= 2030
We simply applied the above formula so that the total number of new generators could come
Answer:
Pine Street should sell finished bookcases.
Explanation:
Differential analysis
Sell unfinished Process further Net income
Increase (decrease)
Sale price per unit 58.09 73.08 14.99
<u>Cost per unit</u>
Variable 37.97 44.61 -6.64
Fixed 10.12 10.12 0
Total 48.09 54.73 8.35
Net income per unit 10 18.35 8.35
So, the book cases should be sold after processed further.
