subject
Business, 30.07.2021 02:20 lelliott86

Phil Frugal has been saving his pennies since he was 5 years old. He is now 45 and deposits his savings in a bank. His pennies total $5,000. Using this information and your knowledge of the banking system, choose the best match for each item. Then calculate the values of reserves, required reserves, and excess reserves. Assume a required reserve ratio of 10%. a. The amount of interest the bank must charge on a loan:
i. required reserves
ii. excess reserves
iii. reserves
iv. none of these
b. The amount of funds banks must, by law, hold in:
i. reserve
ii. required reserves
iii. excess reserves
iv. none of these

ansver
Answers: 2

Other questions on the subject: Business

image
Business, 22.06.2019 01:00, allisonklinger1786
Need with my trade theory homework. i doubt what i wrote was right. consider a monopolistically competitive market for soft drinks in which n symmetric firms face the following demand function: q=s(1/n-b(p-(p with the straight line on which implies the marginal revenue functionmr=p-(q/sb)finally, suppose firms face the total cost functiontc=900,000+100qsuppose the market size, s, is 27,000,000, and the elasticity parameter b is 0.003.diagram the price and the average total cost in the market as a function of the number of firms. what are the equations for each curve, and why does each curve slope up or down? label the equilibrium number of firms and the equilibrium price in the diagram. why is this the equilibrium?
Answers: 1
image
Business, 22.06.2019 04:50, toyaluv2013
Steffi is reviewing various licenses and their uses. match the licenses to their respective uses. you are eligible to work within the state. you are eligible to sell limited investment securities. you are eligible to sell fixed income investment products. your compensation is fee based. section 6 section 7 section 63 section 65
Answers: 3
image
Business, 22.06.2019 06:00, Bloom247
According to herman, one of the differences of managing a nonprofit versus a for-profit corporation is
Answers: 1
image
Business, 22.06.2019 15:20, alex12everett
Record the journal entry for the provision for uncollectible accounts under each of the following independent assumptions: a. the allowance for doubtful accounts before adjustment has a credit balance of $500. b. the allowance for doubtful accounts before adjustment has a debit balance of $250. c. assume that octoberʼs credit sales were $70,000. uncollectible accounts expense is estimated at 2% of sales. smith, gaylord n.. excel applications for accounting principles (p. 51). cengage textbook. kindle edition.
Answers: 1
You know the right answer?
Phil Frugal has been saving his pennies since he was 5 years old. He is now 45 and deposits his savi...

Questions in other subjects: