The bank’s excess reserves are $6 million.
The required reserve ratio is 8%. It means that banks should keep 8% in their deposits as required reserves. The bank has a deposit of $50 million. It means it has to maintain only $4 million(50×0.08 )i.e 8% of 50 million, as a required reserve. Excess reserves are the reserve, over and above required reserves. If overall reserves are 10 million and required reserves are only 4 million then excess reserve =6 million (10 -4)
The reserve ratio is the portion of reservable liabilities that business banks must keep onto, rather than lend out or invest. this is a requirement decided with the aid of the country's primary bank, which in America is the Federal Reserve. it is also known as the cash reserve ratio.
A reserve assets ratio for a bank which units the minimal liquid reserves that a bank ought to hold in the event of a sudden boom in withdrawals. A high reserve property ratio may limit the lending that a bank is able to do – it must maintain better amounts of cash.
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They must update company HR policies and procedures is An effect of changing legislation on human resources professionals.
<h3>What is
human resources?</h3>
Human resources is the recruiting department in the organization, that has many roles and responsibilities like payroll, fill the vacant position of the company, ensure the company's harmony, arranging the events in the organization.
Thus, option A is correct.
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Answer:
Those who possess required skills.
Explanation:
Considering the firm's size and having a few resources, the firm should select employees who possess the following 3 important skills:
1. Honesty, and a Strong Work Ethics; this employees can be trusted with tasks, and may possess high moral standards beneficial for success.
2. Intelligence
they should be teachable and this may be proven by the use of an IQ or personality test.
Their professionalism is well reflected by their ability to introduce new technologies in web design.
3. Leadership Skills
This employees are vital for the long-term growth of the firm.
They could effectively lead teams, train new team members and boost the firm's workplace productivity.
Answer:
Chuck must be less than $260,000
Explanation:
The economic decision rule is: Do it if that marginal benefit exceeds the marginal cost and Since Chuck was unwilling to purchase the house at $260,000, we can deduce that the marginal benefit of purchasing the house must be less than $260,000 due to the fact that the seller turns down the offer but says she will sell the house for $260,000.