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Indicate whether each business practice listed below strengthens (S) or weakens (W) a company's system of internal control.
a. Bonding of employees
_____
b. Limiting the number of people who have access to cash
_____
c. Combining the recordkeeping and custodianship functions
_____
d. Making all payments with cash
_____
e. Keeping rotation of key employees to a minimum
_____
_____ f. Using prenumbered sales tickets
Equilibrium
A state in a market where supply equals demand, and there is no incentive for price to change, leading to market stability.
Interest Rate
A lender's charge to a borrower, represented as a percentage of the principal amount, for the privilege of borrowing assets.
Supply of Loanable Funds
The total amount of funds available for borrowing in the financial markets, determined by savings and influenced by interest rates.
Bank Deposits
Sums of money placed into an account in a bank for safekeeping, which can include savings, checking, and other types of accounts.
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