The answer would be A) True.
Answer:
B. savings bank
Explanation:
Savings bank is defined as a bank which helps customers or people to invest or deposit in interest giving accounts that will give a long term investment.
Savings bank were started in Europe in the 19th century. Saving banks gives interest on the deposit amount that is why its is a for-profit institution for general public. The interest saving banks give by investing in government and corporate debt.
Hence, the correct answer is "B. savings bank".
Jeff Company issues a promissory note to David Company to get extended time on an account payable. David records this transaction by debiting <span>Accounts Payable and crediting Notes Payable.
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Answer:
The study carried out by Alberto Alesina and Lawrence Summers was about the role of Independence central banks, not about unemployment.
A study conducted by Alberto Alesina and Lawrence Summers concluded that countries with <u>central banks that have high independence</u> had lower inflation rates than countries with <u>central banks that have low independence</u>.
William Phillips studied the correlation between unemployment and inflation rate. He concluded that <u>high inflation rate led to low unemployment</u>, and vice versa.
