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Crazy boy [7]
2 years ago
12

This is the interest rate at which commercial banks earned from keeping their excess reserves at the Federal Reserve.

Business
1 answer:
Naya [18.7K]2 years ago
8 0

The interest rate that commercial banks earn from keeping excess reserves at the Fed is A. IORB.

<h3>What is the IORB?</h3>

The full term is, "Interest on Reserve Balances (IORB)" and it is a rate that is paid by the Fed to banks.

This rate is based on the amount of excess reserves that the bank keeps at the Fed to help with its monetary policy.

Find out more on the Interest on Reserve Balances at brainly.com/question/27962333.

#SPJ1

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On January 1, 2021, Blake Corporation issued 1,000 of its 9%, $1,000 callable bonds for $1,060,000. The bonds are dated January
Paul [167]

Answer:

$1,076,000

Explanation:

 The computation of the carrying value of the bonds is shown below:

= Face value of the bond + unamortized bond premium

= $1,060,000 + $16,000

= $1,076,000

We simply added the face value of the bond and the unamortized bond premium so that the carrying value of the bond could come

All other information which is given is not relevant. hence, ignored it

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Sauron [17]

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<h3>What is an adjusting entry?</h3>

Adjusting entries refer to a set of journal entries recorded at the end of the accounting period to have updated and accurate balances of all the accounts. The main purpose of adjusting entries is to communicate an accurate picture of the company’s finances. The management can have a proper look into the financial statements knowing that Everything that occurred during the month is reported, even if the financial part of the transaction would have been warranted to have occurred at a later stage.

To learn more about adjusting entries, visit;

brainly.com/question/4035835

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8 0
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