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1 year ago

The fed pays ______ on the required reserves held by commercial banks, as well as the excess reserves the banks hold at the fed.

1 answer:

4 0

The fed pays interest on the required reserves held by commercial banks, as well as the excess reserves the banks hold at the fed.

A frequent monetary policy tool at the disposal of significant central banks is the payment of interest on bank reserve holdings. With effect from late 2008, the Federal Reserve is now permitted by Congress to pay interest on bank balances held by the Fed. Interest has been paid since then on those sums by the Federal Reserve.

The Fed has had to raise the interest rate it pays on reserves in order to get the fed funds rate to rise, according to Wheelock, given the significant amount of deposits kept at Reserve banks. Therefore, the Fed will pay out more interest.

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Fidelity Stereo Company has provided the following information regarding its activity-based costing system:Purchasing department

VikaD [51]

Answer:

a. $392, 265

Explanation:

Given that:

i. Purchasing department, overhead allocation rate is $77 per purchase order.

ii. Assembly department, overhead allocation rate is $5 per part.

iii. Packaging department, overhead allocation rate is $4 per unit.

iv. Direct material cost is $70 per unit.

v. Each stereo has 50 parts.

Total parts required = 1200 x 50

= 60000

vi. 45 purchase order was required for 1200 stereos.

Thus:

i. $77 x 45 = $3465

ii. $5 x 60000 = $300000

iii. $4 x 1200 = $4800

iv. $70 x 1200 = $84000

Therefore,

total cost for 1200 stereos = $3465 + $300000 + $4800 + $84000

= $392, 265

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3 years ago

Many firms are finding that high-tech, computerized training has dual benefits. It develops employees who are more effective and

Xelga [282]

This is an example of a(n) Organisational tangible resource

Explanation:

Tangible resources include currency, inventory, equipment, land or buildings. Tangible resources The products can be liquidated quickly and have a given worth. They are important for accounting, and as they reach balance sheets and income statements, they make a business know their financial status.

Each organisation needs capital and assets to run.

A few of these commodities, including ability and entrepreneurship, are intangible, while the other commodities are measurable. Tangible means capital which can be observed, influenced or sensed.

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3 years ago

Kate calls her broker to purchase 200 shares of IBM. The broker tells her that the price of a share is currently $90. Kate decid

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This type of order is called limit order. Kate wants to purchase an IBM share at a specific price. Limit order does not necessarily mean that it is a market order since order may not push through.

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3 years ago

Read 2 more answers

Kassandra Young is a business manager at Weith Productions. Although she does not have a background in technology, her job requi

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Answer:

D. Dashboard

Explanation:

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2 years ago

When comparing two investments with the same effective rate, one with a 4-year term and semi-annual compounding and one with a 2

Delicious77 [7]

The 4-year term instrument's nominal rate is higher than the 2-year term instrument's nominal rate.

What is nominal rate?

The increase in payment you make to the lender for using the borrowed funds is known as the nominal interest rate.

The rate of compounding is higher for 2-year investments than for 4-year investments, which are compounded semi-annually.

As a result, option (b) is correct.

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2 years ago