In July 2024
Answer to Question #240917 in Macroeconomics for Zoobs
Explain whether or not you agree with the following statement: “A company
has R500 million in a deposit account with a local bank. In terms of economic
theory, this represents capital to the firm”
If the company will use R500 million in a deposit account to fund various investments which will generate income, then this deposit represents capital to the firm.
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