Fractional reserve banking is the practice where a bank accepts deposits, makes loans or investments, but is required to hold reserves equal to only a fraction of its deposit liabilities.
Answer:
The correct answer is letter "B": An Eurodollar deposit.
Explanation:
A Eurodollar deposit refers to the act of depositing large amounts of money outside the U.S. most of the time to avoid levies and responsibilities. The deposits are not necessarily sent to European countries, it could be anywhere around the world. Most preferred destinations are the Bahamas and Cayman Islands which are considered tax havens.
Answer:
5300
Explanation:
assets=equitys +liabilities
Answer:
1,250 on weekdays and 800 on weekends
Explanation:
During weekdays, each visitor views Ms. Liu's page twice, so the total number of visitors per day = 500 daily views / 2 views per visitor = 250 visitors per day. To calculate the total number of visitors for the five weekdays = 250 visitors per day x 5 days = 1,250 visitors
During weekends, each visitor views Ms. Liu's page three times, so the total number of visitors per weekend day = 1,200 daily views / 3 views per visitor = 400 visitors per day. To calculate the total number of visitors for the two weekend days = 400 visitors per day x 2 days = 800 visitors
Answer: D -LIFO results in a higher net income than FIFO when costs are falling.
Explanation:
The LIFO and FIFO are methods of accounting for inventory.
LIFO means last in, first out. It means the last inventory purchased is the first inventory sold.
FIFO means first in,first out. It means older inventories are sold off first.
During period of rising prices, LIFO results in lower net income because the Cost of Goods Sold is higher. Inventories cost more during periods of rising prices.
When prices are falling , the LIFO method results in a lower cost of goods sold and therefore a higher net income.
