FREE Trial
Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

answer fast pls (a) [15 marks] Suppose the HSBC lends 10 million at interest rate 8% to a firm for the later to buy certain

image text in transcribed

answer fast pls

image text in transcribed
(a) [15 marks] Suppose the HSBC lends 10 million at interest rate 8% to a firm for the later to buy certain resources. Explain how this lending is done via double ledger entries. O (b) [5 marks] Explain how this way of lending is related the money creation activity of banks

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Essentials of Economics

Essentials of Economics

Authors: N. Gregory Mankiw

8th edition

1337091995, 978-1337515351, 1337515353, 978-1337091992

More Books

Students also viewed these Economics questions

Question

★★★★★
Over a period of several years, the Curtiss Wright Corporation (Curtiss Wright) purchased 65 percent of the stock of Dorr Oliver Incorporated (Dorr Oliver). Curtiss Wrights board of directors decided...

Answered: 1 week ago

Question

★★★★★
Which step(s) in the double-strand break model for recombination would be inhibited if each of the following proteins was missing? A. RecBCD B. RecA C. RecG D. RuvABC

Answered: 1 week ago

Question

★★★★★
describe antecedents and consequences of quantitative job demands;

Answered: 1 week ago

Question

★★★★★
Youth Athletic Services (YAS) provides adult supervision for organized youth athletics. It has a president, William Mayes, and five employees. He and one of the other five employees manage all...

Answered: 1 week ago

Question

★★★★★
Please help me solve this? Required information Excel Analytics 16-2 (Static) Return on Equity (ROE) [LO16-3, 16-4, 16-5] [The following information applies to the questions displayed below] Edman...

Answered: 1 week ago

Question

★★★★★
6. Based on the information below about treasury securities, what should be the 6-month and 1- year spot rates? Par value is $100. Interest rates quoted are annual rates, compounded semi- annually....

Answered: 1 week ago

Question

★★★★★
Given the following encoding rule for each letter: n 010 110 k 101 Suppose Alice want to encrypt and send "ok" (110 101)_to Bob using a one-time pad 101 111, so Bob will get the ciphertext as 011...

Answered: 1 week ago

Question

★★★★★
1.The standard price per unit is; Material 6 kg @Rp750; Labor 10 Hours @Rp480; BOP on the basis of 70% of Working Hours with a rate per working hour @Rp250 for variable BOP and fixed BOP budgeted is...

Answered: 1 week ago

Question

★★★★★
Developer Company is constructing a 2-Tower residential condominium. Tower 1 sells 20 units while tower 2 sells 30 units. Both towers will share in the common amenities and occupy the same land area....

Answered: 1 week ago

Question

★★★★★
LMP Limited is a company founded by a group of marketing consultants. They had taken advantage of their clients career placement services, and thought they could offer additional supplemental...

Answered: 1 week ago

Question

★★★★★
Nissan Motors accepted an order for 10 units of Urvan Escapade on a job order cost system. Job 3-601 is assigned for this order. The following costs are incurred for the manufacture of the 10 unit:...

Answered: 1 week ago

Question

★★★★★
Discussion question 1.What Price for a Big Mac? Review a recent Economist report on the Hamburger Index, athttp://www.economist.com/content/big-mac-index Choose a foreign country that you have...

Answered: 1 week ago

Question

★★★★★
4. Set up at least one work role that is important for you to master. Reflect on how you can use your time more efficiently, not necessarily spend more time, to perform better in this work role.

Answered: 1 week ago

Question

★★★★★
3. List four goals that are important to you. Then set up the roles that correspond to these goals. How will you shape your personal vision as a result of your goals and roles?

Answered: 1 week ago

Question

★★★★★
1. What does this mean for me?

Answered: 1 week ago

Previous Question Next Question