Banks must retain a portion of every deposit, which must be put safely into their vault or deposited with the Fed. What is this portion, or percentage, called?
a. reserve requirement
b. loanable funds
c. trust fund
d. demand deposits
e. time deposits
a. reserve requirement
Business
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The record of all accounts and their balances used by a business is called a:
A. Balance column journal. B. Ledger (or General Ledger). C. Chart of accounts. D. Journal. E. General Journal.
Business
How is a classified balance sheet useful to decision makers?
Business
Identify the subject in the sentence. My nephew placed first in the Boston Marathon
Business
One significant potential benefit of the Internet channel is its ability to enable retailers to provide personalized offerings and services for each customer.
Answer the following statement true (T) or false (F)
Business