What, historically, have been Apple’s competitive advantages? 2) How sustainable is Apple’s competitive position in smartphones? 3) Evaluate Apple's strategy for Apple Watch. Has Tim Cook taken the right approach? Any course corrections necessary?

Fractional reserve banking which of the following statements about fractional reserve banking are correct? check all that apply. fractional reserve banking allows banks to create money through the lending process. fractional reserve banking does not allow banks to hold excess reserves. fractional reserve banking allows banks to create additional wealth by lending some reserves. fractional reserve banking relies on everyone not withdrawing their money at the same time.