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Banking

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Ora Nader

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Cards in this guide (16)
What is money in a checking account called

Money in a checking account is called demand deposit.

In which year was the Federal Reserve System created

1913

What is the simplest way to create capital

the public and private sectors save more
erm.. if you mean to create capital letters on a keyboard, the simplest way (that i think) it to press shift. shift is the one with a pointing up arrow? :S :S :S

What factor of production is represented as interest earned on investments

capital

Which of these describes a time deposit

Money in a savings account is an example of a time deposit.

Which of these functions of money allows people to save their money to use in the future

Storehouse of value. (:

This federal corporation insures money deposited in member banks
What is the amount charged for borrowing money called
To which of these organizations can a corporation be compared

Individual. (:

What type of tax is one in which the rate of tax does not change with a change in the tax base

proportional

The owner makes all of the decisions

Proprietorship

What describes a demand deposit

money in a checking account

Money in a checking account <3333

If an individual needs a loan for a new car which of these is the best policy

do comparative shopping among member banks

Would the electric company b most likely be a profit or nonprofit corporation

The electric company would have to be a for profit company, they provide a service at a marked up price, making them for profit.

Is a partnership firm has any legal entity

No, a partnership firm has no legal entity. Registering the partnership firm means registering the partnership relation. firm has no separate legal entity.

Which tools does the government use to regulate and keeps banks from over extending themselves

Require assets

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