B. an economic institution
C. a recent development
D. only state-chartered
The correct answer for the question that is being presented above is this one: "B. an economic institution." An accurate description of banking in the United States is it is an economic institution. This economic institution is responsible on the monitoring of the economy of the country.
B) Calculate the current account balance for 2001.
C) Explain how you decided whether payments on foreign investment and government transfers counted on the positive or the negative side of the current account balance for the United Kingdom in 2001.
Answer:
A) Deficit 30 , B) Deficit 20 , C) Forex inflow is at positive side, forex outflow on negative side
Explanation:
A) Merchandise deficit is the difference between value of exported visible goods & imported visible goods.
UK 2001 trade deficit = Goods export value - Goods import value
£192 - 225 = - 30
So, Trade Deficit = 30
B) Current account balance is the difference between : forex inflow by goods & services exports, unilateral transfers, factor incomes received and- forex outflow by goods & services imports, unilateral transfers, factor incomes paid.
Current account Balance = (Goods & services export value + Income & transfer payments from abroad) - (Goods & services import value + Income & transfer payments to abroad)
= (192 + 77 + 140 + 16) - (225 + 66 + 131 + 23)
-20 [Deficit]
C) An item causing foreign exchange inflow leads to positive side on current account balance (eg exports). An item causing foreign exchange outflow leads to negative side on current account balance (eg imports)
Answer:
A company's strategy affects everyone that works in it, not only upper management. The company's strategy can serve you as a guide that shows what the company expects from you and what you can expect from the company. Every single worker should focus on following the strategy and successfully accomplishing its goals.
If you are a good and efficient employee, you should be able to start advancing on the company's hierarchy levels, and maybe one day it will be you who decides the company's strategy.
Answer:
Statement is true
Explanation:
Internal control over financial reporting was designed to give assurance related to financial statements preparation and authenticity of financial reporting.
Material weakness refers to inefficiency in internal control which could lead to misstatement in financial statement thereby making financial reporting unreliable. As such, even one material weakness would prove ineffective internal control over financial reporting.
(c) select the accounting assumption or principle Only those things that can be expressed in money are included in the accounting records.
(d) select the accounting assumption or principle Separates financial information into time periods for reporting purposes.
(e) select the accounting assumption or principle Measurement basis used when a reliable estimate of fair value is not available.
(f) select the accounting assumption or principle Dictates that companies should disclose all circumstances and events that make a difference to financial statement users.
Answer:
Book keeping ideas principles of bookkeeping that ought to be followed in planning everything being equal and budget summaries. The four major ideas are;
Answer:
Dedicate the property for the school.
Explanation:
In this scenario Greater Florida Builders wants to build a 450-acre housing development. But before getting approval to commence the project the local zoning commission requires the Greater Florida Builders to dedicate a property to the school before it agrees to their proposal.
Local zoning commissions are locally elected government board that recommends to the city council the boundaries of various housing projects and ensuring these boundaries are enforced.
They also apply measures that segregates business property from residential property.
Greater Florida Builders has been required to dedicate a portion of their land for a new school. Dedication is a legal term used in real estate development implying a voluntary offering of land for public use.
In the scenario, Greater Florida Builders has been required to engage in a process commonly referred to as dedication. Dedication is a legal term used in real estate development, where a property owner voluntarily gives the right of a specific proportion of land to the government for public use. In this case, the zoning commission has required Greater Florida Builders to dedicate a portion of their acreage for the construction of a new school within the housing development.
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