Banks can create an unlimited amount of money. True or false, and why?

Answers

Answer 1
Answer: Could be true. Banks use the stored money to invest, and if they make the right investments, theoretically they can have excess in money, investing more with the excess, and this keeps happening.

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Companies such as Edison Nation and the Big Idea Group have sprung up to tap into ________ possibilities, often combining its own design, branding, engineering, and sales teams with online participants, forming a community for devising new products.

Answers

Correct/Complete Question:

Companies such as Edison Nation and the Big Idea Group have sprung up to tap into ________ possibilities, often combining its own design, branding, engineering, and sales teams with online participants, forming a community for devising new products.

A) stage-gating

B) cocreation

C) microstocking

D) buzzing

E) crowdsourcing

Answer:

E, crowdsourcing

Explanation:

Crowdsourcing is a way of sourcing for ideas, design, etc; used by individuals or corporations by using a an open and vast group of internet users.

In crowdsourcing, work is divided between the participants to ensure that time is managed as well as simultaneous aspects of a product are handles at once.

By the time the consultation period is over, the individual or corporation has all the pros and cons of a product worked out and put together.

Crowdsourcing is done by creating idea competitions or innovation contests. This gives a company a wider range of thoughts or exposition to things than the employees of the company might be able to handle or produce. Crowdsourcing is used by companies that are non profit to create common goods.

I hope this helps.  

What is one of the advantages of buying an existing business?A.Its track record lets you know what to expect.
B. You can get it at a bargain price.
C. The previous owner will help fund the business.
D. You don't need to do any more advertising.

Answers

One of the advantages of buying an existing business is that its track record lets you know what to expect.The correct option among all the options that are given in the question is the first option or option "A". It is a fact that the new buyer will also get some cash flow already going as is not the case with new business.

Answer:

A. It's track record lets you know what to expect.

Explanation:

Mark is considering opening a money market account. What is an issue that he needs to be aware of when comparing a money market account to a checking account?Select the best answer from the choices provided.

A) Money market accounts have higher minimum balance requirements.

B) Money market accounts give lower interest rates than checking accounts.

C)Mark will not be able to write checks from a money market account, which will encourage him to save money.

D) A money market account will force Mark to leave his money in the account for a set period of time.

Answers

The right answer for the question that is being asked and shown above is that: "C) Mark will not be able to write checks from a money market account, which will encourage him to save money." This an issue that he needs to be aware of when comparing a money market account to a checking account

A standing bill is one that has been passed as a law.
a. True
b. False

Answers

The given statement is true.

What do you call a bill that has been passed?

Once an invoice has been enacted into law, it's miles known as an act of the legislature or a statute. Payments are delivered to the legislature and are mentioned, debated, and voted upon.

A invoice is the draft of a legislative notion, which, whilst passed with the aid of both houses of Parliament and assented to by using the President, turns into an act of Parliament. As soon as the bill has been framed, it has to be posted within the newspapers and the generalpublic is requested to comment in a democratic way.

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it is true that a standing bill been passed


The matching concept states that expenses incurred to produce particular revenues should be matched with those revenues.True
False

Answers

False. The revenues usually contemplate the profit added to the expenses or costs, therefore, they can't match.

Making a credit card minimum payment:A Means you are paying a small portion of your total credit card debt
B Is the same thing as making a late credit card payment
C Will have a negative effect on your credit score
D Will cause your credit card to be cancelled

Answers

A is correct answer. The minimum payment is the smallest amount you can pay to your credit card company without having to make extra payments or incur extra charges. It is calculated based on the interest rate and the amount you borrowed. However, as the amount you are repaying decreases, so does the minimum payment, so you always end up only paying off a small portion of the total debt.

The correct option 'Making a credit card minimum payment' A Means you are paying a small portion of your total credit card debt.

Making a credit card minimum payment means that you are paying the minimum amount required by your credit card issuer each month. This amount is typically a small percentage of your total credit card debt, usually around 2-3%. It is important to note that making only the minimum payment will result in carrying a balance and incurring interest charges on the remaining debt. It is always recommended to pay more than the minimum to reduce your overall debt and avoid excessive interest charges.

Making a credit card minimum payment is not the same as making a late credit card payment. A late payment occurs when you fail to make the minimum payment by the due date, which can result in late fees and potentially negative effects on your credit score.

While making only the minimum payment may not have a positive impact on your credit score, it typically does not have a significant negative effect either. However, consistently making only minimum payments and carrying a high balance can be seen as a sign of financial stress and may eventually have a negative impact on your creditworthiness.

Making the minimum payment will not cause your credit card to be canceled. However, consistently missing payments or defaulting on your credit card can lead to your credit card being canceled by the issuer.

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