1. The centerpiece of the U. S. economy is its banking system. A. Banks in the U. S. practice fractional reserve banking. Explain what this means. (4 points) B. Explain how banks create money under a fractional reserve system. (5 points) C. List the two major assets and the main liability of a typical bank operating under a fractional reserve system. (3 points) D. Fractional reserve banking is effective as long as two things remain true. What are those two things, and why does fractional reserve banking depend on them

Answer the following questions using the information below: southwestern college is planning to hold a fund raising banquet at one of the local country clubs. it has two options for the banquet: option one: crestview country club a. fixed rental cost of $1,000 b. $12 per person for food option two: tallgrass country club a. fixed rental cost of $3,000 b. $8.00 per person for food southwestern college has budgeted $1,800 for administrative and marketing expenses. it plans to hire a band which will cost another $800. tickets are expected to be $30 per person. local business supporters will donate any other items required for the event. which option has the lowest breakeven point?

Brenda wants a new car that will be dependable transportation and look good. she wants to satisfy both functional and psychological needs. true or false

Which of the following services will be provided by a full-service broker but not by a discount broker? i. research of potential investment opportunities ii. purchase and sale of stock at your request iii. recommendation of investments a. i and iii b. ii only c. iii only d. i, ii, and ii