The Roxy Bank of Englewood pools customer deposits and uses the funds to make loans to businesses and households.These businesses and households,now known as the borrowers,pay the bank interest,and the bank,in turn,pays depositors interest for the use of their money.Which of the following would best describe the process used by the bank?
A) Foreign exchange B) Direct transfer C) Indirect transfer D) Barter system
Purchased merchandise on credit; terms of 2/10, n/30. - Periodic Debit ________ Credit ________
A) Cash B) Accounts receivable C) Merchandise inventory D) Supplies E) Accounts payable F) Sales G) Sales returns and allowances H) Sales discounts I) Cost of goods sold J) Purchases K) Purchase returns and allowances L) Purchase discounts M) Freight-in
The voluntary relocation of employable migrants from low-paying nations to high-paying nations reduces
A) wage rate disparities among nations. B) business or capitalist income in the world. C) labor productivity in the world. D) total wage income in the world.