On Friday, Josie receives her paycheck and goes directly to the bank after work to make a deposit into her savings account. The bank keeps the required reserve and then loans out the remaining balance to a qualified borrower named Juan as a portion of his small business loan. Juan uses the loan to buy a new copy machine for his printing business and makes small monthly payments to the bank to payback the principal balance plus interest on the loan. The bank profits from a portion of the interest payment received and also passes some of the interest back to Josie in the form of an interest payment to her savings account. In this example, the bank is acting:
Answer: As an intermediary between the saver (Josie) and the borrower (Juan).
Business
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Which of the following statements about damages in tort is TRUE?
A) Any damages which are reasonably foreseeable are recoverable. B) Any damages which are the natural consequences of the tortuous conduct are recoverable. C) The recoverability of damages is limited by the concept of remoteness. D) Both A and C E) All of the above
Business
A database management system (DBMS) is a program used to create, process, and administer a database
Indicate whether the statement is true or false
Business