5. what is one significant drawback of a fractional reserve banking system?
Answers
One significant drawback of a fractional reserve banking system is that it can lead to bank runs and financial panics.
Fractional reserve banking is a banking system that enables commercial banks to hold just a portion of their client's deposits as reserves, which they can lend out to borrowers. This banking system has the ability to enhance the economy's money supply through the multiplication of bank deposits
The benefits of a fractional reserve banking system are:
Increasing the availability of loans: As a result of the ability to lend out a large portion of deposits, more money is available for investment in the economy.Creation of wealth: As more money is available for lending, there is more investment in the economy, leading to increased production of goods and services.The main disadvantage of a fractional reserve banking system is that it can lead to bank runs and financial panics. Bank runs occur when a large number of depositors attempt to withdraw their funds simultaneously, causing banks to fail as they lack enough funds to meet the withdrawals.
Therefore, the main disadvantage of a fractional reserve banking system is Financial panic that can also occur when banks fail, causing widespread anxiety and turmoil in the economy.
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Related Questions
Tara invests $3000 today and another $1,500 a year from now
until 5 years. She also increases her 1,500 investment by 150 from
year 2 each year until year 5. She stops investing from year 6
until year
Answers
In the given problem, Tara's investments will have a future value of $16,355.30 after 5 years.
How to Solve the Problem?To calculate the future value of Tara's investments, we can use the formula for the future value of an annuity:
FV = PMT * [(1 + r)^n - 1] / r
where FV is the future value, PMT is the regular payment, r is the interest rate per period, and n is the number of periods.
We can break down Tara's investments into three parts:
The $3,000 invested today, which will grow for 5 yearsThe $1,500 invested each year from year 1 to year 5, with increasing contributionsThe $1,500 not invested from year 6 onwardsPart 1:
The $3,000 invested today will grow for 5 years. Let's assume an annual interest rate of 5%.
FV = 3,000 * (1 + 0.05)^5
= $3,893.26
Part 2:
The $1,500 invested each year from year 1 to year 5, with increasing contributions. Let's assume an annual interest rate of 5%.
Year 1:
FV = 1,500 * (1 + 0.05)^4
= $1,758.11
Year 2:
FV = (1,500 + 150) * (1 + 0.05)^3
= $1,960.58
Year 3:
FV = (1,500 + 150*2) * (1 + 0.05)^2
= $2,177.61
Year 4:
FV = (1,500 + 150*3) * (1 + 0.05)^1
= $2,409.49
Year 5:
FV = (1,500 + 150*4) * (1 + 0.05)^0
= $2,656.25
Total FV for Part 2:
FV = 1,758.11 + 1,960.58 + 2,177.61 + 2,409.49 + 2,656.25
= $10,962.04
Part 3:
The $1,500 not invested from year 6 onwards will not grow.
FV = 1,500
= $1,500
Total FV:
The total future value is the sum of the FVs of the three parts.
FV = 3,893.26 + 10,962.04 + 1,500
= $16,355.30
Therefore, Tara's investments will have a future value of $16,355.30 after 5 years.
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Which are OECD countries?
Answers
Answer: The Organization for Economic Cooperation and Development (OECD) is an international organization that promotes economic development and cooperation among its member countries. The OECD was founded in 1961 and currently has 37 member countries, including:
AustraliaAustriaBelgiumCanadaChileCzech RepublicDenmarkEstoniaFinlandFranceGermanyGreeceHungaryIcelandIrelandIsraelItalyJapanSouth KoreaLatviaLithuaniaLuxembourgMexicoNetherlandsNew ZealandNorwayPolandPortugalSlovakiaSloveniaSpainSwedenSwitzerlandTurkeyUnited KingdomUnited StatesThe OECD member countries are generally considered to be developed countries with high levels of economic development and quality of life. The organization's main focus is on improving economic and social outcomes for its member countries through research, policy analysis, and the sharing of best practices.Answer:
theyre organizations for economic cooperarion and development
Explanation:
100 points. The owner of this credit account needs to make a $5,000 medical payment and doesn't have enough in his or her other accounts. Describe at least one option available to the owner.
Line of credit : $3,000.
Available credit: $2246,63
Answers
Answer:
transfre the money
Explanation:
Structures the internal acStructures the internal accounting operations of an organisation within Controlling.Counting operations of an organisation within Controlling.
Answers
Answer:
Controlling area.
Explanation:
Financial accounting is an accounting technique used for analyzing, summarizing and reporting of financial transactions like sales costs, purchase costs, account payables and receivables of an organization using standard financial guidelines such as Generally Accepted Accounting Principles (GAAP) and financial accounting standards board (FASB).
Typically, it's a field of accounting involving specific processes such as recording, summarizing, analysis and reporting of financial transactions with respect to business operations over a specific period of time. Financial experts or accountant uses either the cash basis or accrual basis of accounting.
In Accounting, Costing is the measurement of the cost of production of goods and services by assessing the fixed costs and variable costs associated with each step of production.
Sap FICO is a finance and cost controlling module that avails a business firm or organization the ability to store all of their external and internal financial transaction data at the end of the trading period.
Controlling area structures the internal accounting operations of an organisation within "Controlling." Thus, it manages profits and costs of an organization which are necessary to provide informations to the management for proper decision-making and effective control of its resources.
Which of these factors is an advantage to using cash?
Answers
Answer:
B no fees or charges
Explanation:
Your welcome
Answer:
B.no fees or changes this is the right one
Hospitals, colleges and universities, and museums fall into the ______ category of business customers.
Answers
Hospitals, colleges and universities, and museums fall into the institutional customers category of business customers.
What are Institutional customers?Institutional customers are organizations that provide goods and services to others and are characterized by their relatively stable and predictable demand for products, as well as their relatively large order size.
These customers often have specific needs and requirements, such as compliance with regulations, safety standards, and other policies. They may also have longer purchasing cycles and decision-making processes, as well as complex procurement procedures and negotiations. Other examples of institutional customers include government agencies, non-profit organizations, and religious institutions.
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Write down any four techniques that you can practice to become an effective listener.
Answers
Answer:
Pay Attention. Give the speaker your undivided attention, and acknowledge the message.
Show That You're Listening.
Provide Feedback.
Defer Judgment.
Explanation:
The primary objective of financial accounting is to.
Answers
A(n) ___________ needs to be evaluated in light of your other expenses for the month.budgeting.
Answers
Answer: Budget
Explanation: Just is
The ___ inkblot test employs a series of inkblot cards designed to reveal a person's unconscious desires, fears, and conflicts.
Answers
The Rorschach inkblot test employs a series of inkblot cards designed to reveal a person's unconscious desires, fears, and conflicts.
This psychological test, developed by Hermann Rorschach in the early 20th century, is based on the principle that individuals will project their thoughts and feelings onto ambiguous stimuli, such as the inkblot images.
During the test, the individual is presented with a series of inkblot cards, one at a time, and asked to describe what they see in each image. The responses are then analyzed based on various factors, including content, location, determinants, and popular responses. These interpretations provide insights into the individual's perception, thought processes, emotional state, and underlying psychological dynamics.
The Rorschach inkblot test is rooted in the psychodynamic theory, which suggests that individuals' perceptions are influenced by their unconscious mind. By presenting the individual with unstructured stimuli, the test aims to tap into their unconscious thoughts and feelings, allowing the examiner to gain a deeper understanding of their inner world.
It is important to note that the Rorschach test is a complex and nuanced assessment tool that requires extensive training and expertise to administer and interpret accurately. The test results are subject to multiple interpretations, and the examiner considers various factors to derive meaningful insights.
Overall, the Rorschach inkblot test provides a unique window into the individual's unconscious mind, allowing psychologists to explore their innermost thoughts, desires, fears, and conflicts. It is often used in clinical settings to aid in the assessment, diagnosis, and treatment planning for individuals with psychological disorders.
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What are the two steps in comparison?
Answers
Comparison is the phenomenon of comparing one thing with the other
Comparison typically involves two steps:
Identifying similarities and differences: This step involves looking at the items being compared and noting any similarities and differences between them.
Evaluating the significance of the similarities and differences: This step involves considering how the similarities and differences impact the overall assessment of the items being compared.
It's important to note that, depending on the context, there could be more than 2 steps, but in general comparison is made by identifying similarities and differences, then evaluating them.
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debit balance with binod rs.50000
Answers
Answer:
what?
Explanation:
who are the major providers of capital (financing) for business enterprises?
Answers
The major provider of capital for business enterprises are Bank, and Government
Capital for new businesses that are just getting started. These businesses are started by one or more individuals with the basic goal of creating and commercialising a product or service. One of the initial tasks for a startup is to raise capital.
Due to the high level of risk associated with investing in start-up businesses, these financially demand a strong business plan in return for their money. In exchange for their investment, they typically receive equity in the business.
This financing is typically sufficient to enable the founder to produce a business plan or prototype that will achieve the interest of startup capital investors.
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Buyer Norm had his father put up earnest money in the amount of $4,000. The contract fell through. The sponsoring broker should
Answers
The sponsoring broker should release the full amount back to buyer Norm.
The person or organization known as a sponsorship broker is responsible for obtaining sponsorship money for properties Within the sponsorship-marketing industry, sponsorship brokers frequently focus on certain niches.
In Texas, you need to be sponsored by a reputable broker in order to work as a selling real estate agent. To ascertain whether you and the possible sponsors would be a suitable fit, it is crucial to probe when looking for a sponsor.
An agent having their employment broker's license is a sponsored broker. In addition to giving you other economic, marketing, and brand advantages, they are in charge of assisting you during your first few years as an agent. To activate your license, you require a sponsoring broker.
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if india traded textiles with the united states in exchange for corn products, this would be an example of which form of countertrade?
Answers
The United States government will profit from the import taxes levied on textiles from India.
If trade obstacles are removed, the United States will suffer. The United States will suffer from the removal of trade barriers because a flood of Indian textiles will be poured into the nation, stunting the development of domestic textile manufacturing enterprises. India has a competitive advantage over the US in the production of textiles since they are in higher demand than aircraft, which are only seldom needed. The United States government will profit from the import taxes levied on textiles from India. Since India will produce textiles at the lowest cost per unit and flood the USA with reasonably priced, high-quality apparel, the government will benefit greatly from import tariffs.
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Pete and Mason are shopping for Cheese-its for a class activity. They needed several boxes. Which prices give the better deal.
A. $1.25 per box
B. $5.50 for 3 boxes
c. Buy 1 at regular price ($3.50) and get one at 50% off
D. $2.75 per box and a coupon for $1.00 off
Answers
Answer:
I believe A. $1.25 per box would be the best deal.
Explanation:
This is because A is $1.25 per box,
B. is about $1.83 per box (5.50/3 divided by 3/3 = about 1.83/1)
C. Would be 1 box = $3.50, and the next $1.75 (which is still not less then just $1.25 per box)
and D. would be $2.75-$1 off = $1.75
Out of all of them, A is cheapest/gives the best deal.
Not sure if all calculations are correct, but I hope this helps! :)
Which benefit would a client expect from joining a self-help group after being discharged from a mental health facility
Answers
The benefits that a person would expect from joining a self help group would be
reduction of distressReduction of lonelinessless isolatedhave people to talk toWhat is a self help group?These are a groups of people that are known to have common issues so they form informal gatherings that would help them combat their issues.
Joining such a group is going to be very helpful to the recovery process of the patient.
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_____ is an insignificant value per share of capital stock specified in the corporate charter. Multiple choice question. Seasoned value Treasury Stock Par value Additional Paid-in Capital
Answers
The insignificant value per share of capital stock that is been set and introduced in the charter can be regarded as par value.
Par value can be explained as the value of a single common share which is been specified by corporation's charter.This cannot be been related to the actual value of the shares.Therefore, par value is the correct term.
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when woodfire stoves decided to be a first-mover in the canadian market, it had to spend 25 percent of its budget on promotional videos and other educational tools that explained why a woodfire stove product was a necessary and a cost-saving method of heat. the costs the company incurred are known as
Answers
Since woodfire stove product was a necessary and a cost-saving method of heat. the costs the company incurred are known as pioneering costs.
What is the plan to reduce costs?Cost-cutting measures are policies and procedures created to maximize operational effectiveness. From hiring staff to making travel arrangements, they cover every facet of operating a business. Process simplification, efficient resource allocation, and waste reduction are key components of a successful implementation.
Therefore, Pioneering costs appear when a company must invest a significant amount of time, effort, and money to learn the game because the foreign business system differs so greatly from the one in the home market.
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Using too many different shapes within a design can
a. add interest to the design
b. make the room fun for kids
c. be visually confusing or distracting
d. none of the above
Answers
Answer:
c. be visually confusing or distracting
Explanation:
"Too many"=Negative
Answer:
C
Explanation:
Who commanded allied troops in europe and was responsible for organizing the invasion of france?.
Answers
Answer:In May 1944, the Western Allies were finally prepared to deliver their greatest blow of the war, the long-delayed, cross-channel invasion of northern France, code-named Overlord. General Dwight D. Eisenhower was supreme commander of the operation that ultimately involved the coordinated efforts of 12 nations.
Explanation:
Auditors are concerned about the _____ assertion for revenue transactions because clients are more likely to overstate sales than to understate them.
Answers
The occurrence assertion for revenue transactions is an issue for auditors since customers are more prone to overstate revenues than to understate them.
What is an assertion of occurrence?To ascertain if the transactions listed on financial statements actually occurred, apply the occurrence assertion. This can be anything from authenticating trade receivables balances by confirming that a sale occurred on the designated day to confirming that a bank deposit has been completed.
What are the revenue audit assertions?To guarantee that financial records and disclosures are accurate and appropriate, assertions need to be evaluated. Financial statements are correctly reported if all assertions for pertinent transactions or balances are met.
How can it be proven that revenue actually occurs?The need to check for revenue transfers cannot be overstated. The biggest challenge for the majority of organizations will be reversing figures from the general ledger or sales journal to source documents (invoices, shipping documentation, etc.).
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Determine total dollar sales if: Cost of sales, $91,559 Cost of labor, $87,651 Cost of overhead, $62,348 Loss, $61,267 Provide the calculation below:
Answers
The total dollar sales would be $280,291 considering the provided cost of sales, cost of labor, cost of overhead, and the loss incurred.
To calculate the total dollar sales, you need to consider the different cost components and the loss involved. The cost of sales represents the direct costs incurred in producing or acquiring the products or services being sold.
The cost of labor refers to the expenses associated with employing workers to produce goods or provide services. The cost of overhead includes indirect expenses such as rent, utilities, and administrative costs. Lastly, the loss indicates a negative impact on the overall financial performance.
By adding up the cost of sales, cost of labor, cost of overhead, and considering the loss, you can determine the total dollar sales. In this case, the given values are $91,559 for the cost of sales, $87,651 for the cost of labor, $62,348 for the cost of overhead, and a loss of $61,267.
Summing up these values, you would calculate the total dollar sales as follows:
Total Dollar Sales = $91,559 + $87,651 + $62,348 + (-$61,267)
Since the loss is represented by a negative value, you subtract the loss from the sum of the other costs. This gives you a total dollar sales value of $280,291.
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Which of these is the per-hour labor productivity of a factory that can produce 1,500 mops in 90 minutes?
A.900
B.150
C.1,000
D.500
Answers
notice the question says 90 minutes, so an hour is 60 minutes. half of 1000 is 500, and half of 60 is 30.
What is the definition of a team? What is teamwork? Why is learning to work well with others important in life? What is one issue that hinders you from wanting to work with other people? What is one thing you can change so you can be successful when working in teams?
Answers
Answer:
Team work is when every one comes together to do or accomplish something and the definition of team is a group of people that play for the same thing it's important in life because when you get into the real world you will have to work with other people even if you don't like them one issue that hinders you from wanting to work with other people is you don't like those other people one thing you can change so you can be successful when working in teams is try to get along with everyone else on the team.
Which group is legally responsible for implementing
protection and controls that ensure your workplace
meets safety standards?
A. Employers
B. Unions
C. Employees
D. Government
Answers
Answer:
A
Explanation:
Answer:
It SHOULD be employers but i may be wrong... if i'm not CAN I PLES HAVE BRAINLYIEST
Explanation:
Also, if i'm right there is no need to thank me unless you want too
Which of the following careers is most likely to require business skills?
Answers
Answer:
1, Communication skill,Leadership skill,Analytical skill
The share in the company's profit is called_________.
Answers
Answer:
profit sharing
Explanation:
From Investopia they define profit sharing as
"A plan gives employees a share in their company's profits based on its quarterly or annual earnings."
To use reward power effectively, a manager should:
a. make the connection clear between the behavior being rewarded and the reward.
b. not be explicit about the behavior being rewarded.
c. inform subordinates of rules and penalties.
d. not select subordinates similar to himself/herself .
Answers
To use reward power effectively, a manager should make the connection clear between the behavior being rewarded and the reward.
Reward power is one of the five bases of power identified by John French and Bertram Raven. Reward power arises from the ability of an individual to influence the others' behaviour by giving them a positive result or reward for compliance.Reward power may be useful in reinforcing good behaviour or encouraging creativity and innovation. Employees may be motivated by the offer of rewards, such as extra vacation time, a pay increase, or bonuses. To use reward power effectively, a manager should make the connection clear between the behaviour being rewarded and the reward.
This would help employees to comprehend the relationship between their behaviour and the reward that is being offered. A manager must use rewards as a motivating factor only if it helps the employees and increases the productivity and efficiency of the company. A company is offering a bonus to an employee who meets certain sales targets. To use reward power effectively, the manager must clarify the relationship between the sales goal and the bonus. The employee should be told what they need to do to receive the reward and what the reward would be, and how it will improve the employee's job satisfaction and personal development.
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An alleged $500 million Ponzi scheme preyed on Mormons. It ended with FBI gunfire. In Las Vegas, a lawyer with huge gambling debts is accused of ...
Answers
A $500 million Ponzi scam allegedly preyed on Mormons. It came to an end with FBI gunshots. A lawyer in Las Vegas is accused of financial fraud after incurring massive gaming debts.
What exactly is financial fraud?Financial fraud occurs when someone deprives you of money or capital or otherwise hurts your financial health by deceitful, misleading, or unlawful methods. This can be accomplished through a variety of means, including identity theft and investment fraud.
Additional criminal activities, such as computer crime and elder abuse, as well as violent crimes such as robbery, armed robbery, or murder, may be involved in financial crimes. Individuals, businesses, and organized criminal organizations can all commit financial crimes. Individuals, organizations, countries, and whole economies may all be victims.
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