GDP, or Gross Domestic Product is (most precisely) defiend as Your value of all final goods and services produced for the marketplace over a period of time within domestic borders. value of all final goods and services produced for the marketplace over a period of time by the citizens of that country at home and abroad. value of all intermediate goods and services produced within the country in a period of time.

Identify which of the twelve basic functions listed below fit the description given.

Below are the steps in the measurement process of external transactions. arrange them from first (1) to last (6). event step post transactions to the general ledger. assess whether the transaction results in a debit or credit to account balances. use source documents to identify accounts affected by an external transaction. analyze the impact of the transaction on the accounting equation. prepare a trial balance. record the transaction in a journal using debits and credits.

Type of deposit reserve requirementcheckable deposits $7.8 - 48.3 million 3%over $48.3 million 10noncheckable personal savings and time deposits 0refer to the accompanying table. if a bank has $60 million in savings deposits and $40 million in checkable deposits, then its required reserves are$1.2 million.