In the 19th Century,when Crop Failures Often Led to Bank

question 7

Multiple Choice

In the 19th century,when crop failures often led to bank runs,banks would make relatively fewer loans and hold relatively more excess reserves.By itself,these actions by the banks should have

• A)increased the money multiplier and the money supply.
• B)decreased the money multiplier and increased the money supply.
• C)increased the money multiplier and decreased the money supply.
• D)decreased both the money multiplier and the money supply.

Grasp the concept of computing average inventory over specific periods.

Understand the impact of purchasing decisions on inventory valuation.

Understand the concept of inventory turnover and how it impacts business operations.

Calculate inventory turnover using beginning inventory, purchases, and ending inventory values.

---

Definitions:

Necessity-Based Entrepreneur

An individual who starts their own business out of necessity, often due to lack of available employment options.

Opportunity-Based Entrepreneur

An entrepreneur who starts a business after identifying a market opportunity and devising a plan to capitalize on it.

Industrial Steel

A category of steel used in manufacturing and construction for its strength and durability in industrial applications.

One Acre Fund

A non-profit organization that supplies smallholder farmers in Africa with asset-based financing and agriculture training services to reduce hunger and poverty.