Business, 29.03.2021 01:20 rishiganesh
What is one of the reasons banks are vulnerable to bank runs?
Since banks hold only a fraction of their deposits on hand as reserves, on any given day if enough customers make withdrawals, a bank could find itself unable to meet the demand for cash.
Banks pay low interest rates to depositors but make many conservative loans at high interest rates.
Customers have difficulty accessing their funds after hours because banks have short business hours.
Answers: 1
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The following costs were incurred in may: direct materials $ 44,800 direct labor $ 29,000 manufacturing overhead $ 29,300 selling expenses $ 26,800 administrative expenses $ 37,100 conversion costs during the month totaled:
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An employer takes a deduction from your paycheck for federal taxes. where does this money go? -the money is sent to the federal government to pay for goods and services for the community. -the money is sent to the mayor. -the money is sent to the federal government and deposited in a retirement account. -the money is sent to the social security fund.
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What is one of the reasons banks are vulnerable to bank runs?
Since banks hold only a fraction of t...
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