Reserves equal deposits with the Fed plus vault cash
Option D
<u>Explanation:
</u>
"Vault currency" simply is the cash a bank holds in buildings (most of which are normally kept in its caves) to satisfy everyday cash needs.
Foreign governments, the Bank, and perhaps most commercial banks in the USA are the primary providers of Federal Reservation Deposits. Federal Reserve Deposits may not be held by private citizens and businesses.
All FRD and FRN notices are reported as FRD liabilities. FRD liabilities, What the Fed have traded for (gold and mostly t-billion) these investments and notes are reported as the Fed's reserves.
I believe it is c. because it is the body of the letter
Answer:
The correct answer is: No, he may not recover his money in court.
Explanation:
To begin with, due to the fact that this type of purchase is prohibited by law in the state then the even thought that the company agrees to return the money back the court will charge him a quite expensive bill because he broke the law so the money he paid will not be fully recovered indeed. Moreover, the court will state that the buyer must have acted with responsibility and that is that, at the time of buying something the buyer must gather information about it in order to know if it is legal or not, therefore that acting with that responsibility the buyer will not have a defense in order to recover his money.
Answer:
Company A will pay $16,000 and Company B will pay $8,000.
Explanation:
Pro rata method means allocating the amount to each company according to their percentage amount.
Here in this case,
Total Insurance amount = $100,000+50,000 = $150,000
Company A share if $24,000 loss occurs:
= 
$ 16,000
Company B share if $24,000 loss occurs:
= 
$ 8,000
Hence , Company A will pay $16,000 and Company B will pay $8,000.
The formula for the price elasticity is given by
e = [(Q2 - Q1) / Q1] / [(P2 - P1) / P1]
Substituting the given values
e = [(5 - 8) / 8] / [(3 - 2) / 2]
e = -0.75
The demand is inelastic since the elasticity is less than 1. The graph would be a line sloping towards the left.
