Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Jun 26, 2024

Banking and finance Explain in detail why Banks are special in a modern market economy with specific reference to their roles as (i) intermediaries, (5

Banking and finance

Explain in detail why Banks are special in a modern market economy with specific reference to their roles as (i) intermediaries, (5 points), (ii) Liquidity service, (5 points), (iii) Payments systems, (5 points)

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Get Instant Access to Expert-Tailored Solutions

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

Step: 2

Step: 3

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

Financial Accounting

Authors: Michelle L. Hanlon, Robert P. Magee, Glenn M. Pfeiffer, Thomas R. Dyckman

6th Edition

1618533118, 978-1618533111

More Books

Students also viewed these Accounting questions

Question

★★★★★

Movie Reviews How many weeks can a movie run and still make a reasonable profit? The data that follow show the number of weeks in release (x) and the gross to date (y) for the top 12 movies during a...

Answered: 1 week ago

Question

★★★★★

31. If you purchase the new Microsoft Office Suite between July 15 2015 and January 15 2016 you will receive a $100 rebate.

Answered: 1 week ago

Question

★★★★★

5. How is Mr. Bonner encouraging Marcuss self-efficacy?

Answered: 1 week ago

Question

★★★★★

Berea Resources is planning a $75 million capital expenditure program for the coming year. Next year, Berea expects to report to the IRS earnings of $40 million after interest and taxes. The company...

Answered: 1 week ago

Question

★★★★★

Exercise 21-4 Your answer is partially correct. Try again Klean Fiber Company is the creator of Y-Go, a technology that weaves silver into its fabrics to kill bacteria and odor on clothing while...

Answered: 1 week ago

Question

★★★★★

Given the following information concerning a $2.00 convertible preferred stock: One share of preferred is convertible into 0.50 shares of common stock Price of common stock: $34 Price of convertible...

Answered: 1 week ago

Question

★★★★★

Complete business activity and instalment activity statements in Australia Swanston Enterprises report GST quarterly on a cash basis. They had the following account balances (on a cash basis) for the...

Answered: 1 week ago

Question

★★★★★

14. A cylinder whose radius is 2 inches is removed from the right prism as shown. The ends of the prism have the shape of an equilateral triangle whose sides are 8 inches long. Find the volume of the...

Answered: 1 week ago

Question

★★★★★

Let A={-5,-4,-3, -2, -1, 0, 1, 2, 3, 4, 54. For each of the following relations on A, determine if it is partial order or an equivalence relation (justify your answers). If the relation is partial...

Answered: 1 week ago

Question

★★★★★

1) Let us consider the following value of parameters to simulate the quadcopter motion in MATLAB while using the in-built command "ODE45" to solve the quadcopter equations of motion: g= 9.81m/s, m =...

Answered: 1 week ago

Question

★★★★★

Soraya is a software developer whose male co-workers frequently exclude her from meetings and withhold information she needs to do her job. They tell her she should "quit trying to be one of the...

Answered: 1 week ago

Question

★★★★★

Continuing Problem Chapter 4-Instruction #1 The adjusted trial balance of PS Music as of July 31, 20Y9 is shown below: PS Music Adjusted Trial Balance July 31, 20Y9 Debit Credit Balances Balances...

Answered: 1 week ago

Question

★★★★★

2. In this chapter, the reader should reflect on the following concepts: Systemic structuring, the displaced error, the communicable part of knowl-edge, tacit knowledge, hidden knowledge, analogy,...

Answered: 1 week ago

Question

★★★★★

2. List five points that are crucial to pay attention to if you want to positively influence someone from a foreign culture.

Answered: 1 week ago

Question

★★★★★

1. Discuss what you think is meant by the following statements: a) Splitting an egg into half to get two chickens. b) We cannot study time by taking apart a clock.

Answered: 1 week ago

Previous Question Next Question