Business, 30.05.2020 22:57 ProAtWork7
Suppose that a lottery winner deposits $16 million in cash into her transactions account at the Bank of America (B of A). Assume a reserve requirement of 10 percent and no excess reserves in the banking system prior to this deposit. Instructions: Round your responses to two decimal places. a. Use the following T-account to show how her deposit initially affects the balance sheet at B of A. b. Has the money supply been changed by her deposit? c. Use the following T-account to show the changes at B of A after the bank fully uses its new lending capacity. d. Has the money supply been changed by step 2? e. After the entire banking system uses the lending capacity of the initial ($16 million) deposit, by how much will the following have changed? (i) Total reserves: $ million (ii) Total deposits: $ million (iii) Total loans: $ million (iv) The money supply: $ million
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Brian has been working for a few years now and has saved a substantial amount of money. he now wants to invest 50 percent of his savings in a bank account where it will be locked for three years and gain interest. which type of bank account should brian open? a. savings account b. money market account c. checking account d. certificate of deposit
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Business, 22.06.2019 19:10, crzyemo865
Calculating and interpreting eps information wells fargo reports the following information in its 2015 form 10-k. in millions 2015 2014 wells fargo net income $24,005 $24,168 preferred stock dividends $1,535 $1,347 common stock dividends $7,400 $6,908 average common shares outstanding 5,136.5 5,237.2 diluted average common shares outstanding 5,209.8 5,324.4 determine wells fargo's basic eps for fiscal 2015 and for fiscal 2014. round answers to two decimal places.
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Business, 22.06.2019 19:50, hdkdkdbx
Managers in a firm hired to improve the firm's profitability and ultimately the shareholders' value will add to the overall costs if they pursue their own self-interests. what does this best illustrate? a. diseconomies of scale b. principal-agent problem c. experience-curveeffects d. information asymmetries
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Suppose that a lottery winner deposits $16 million in cash into her transactions account at the Bank...
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