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Dovator [93]
1 year ago
10

Bank a has total deposits of $125 million and total reserves of $26 million. the required reserve ratio is 15 percent. the bank

has excess reserves of?
Business
1 answer:
olga2289 [7]1 year ago
8 0

The bank has an excess of $7,250,000. The total deposits maintained by the bank are $125 million. The reserves maintained by the bank are $26 million. The required reserve ratio is 15%.

Total deposits are 125,000,000.

The Required reserve ratio is 15%.

So in actuality, the bank had to maintain a reserve of $18,750,000.

It is maintained a total reserve of $ 26,000,000.

Excess reserve of $7,250,000.

The banks are required to maintain a particular percentage as reserve of the amount deposited with them. Deposit is that amount that the customers maintain with them. The banks make a profit by lending this deposit to other lenders. The bank has to keep an amount as reserve to see that they are able to pay back the customer their deposit amount if required by the customer.

Learn more about reserve and deposits of bank here:

brainly.com/question/15296672

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3 years ago
Presented below is selected information for three regional divisions of Medina Company.
ololo11 [35]

Answer:

a. Return on investment = Controllable margin / Average operating assets

North Division:

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b. Residual income = Controllable margin - (Average operating assets * Minimum rate of return)

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= $84,600

5 0
3 years ago
during 2017, trey corporation accrued warranty expense based on 3.5% of net sales revenue. during 2018, trey corporation revised
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If it's miles impracticable to determine the cumulative impact of applying a trade-in accounting principle, then the new accounting principle should be applied prospectively as of the earliest date practicable. in this situation, the disclosures discussed in FSP 30.4.

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8 0
1 year ago
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Explanation:

Initiation is the rite of passage marking the entrance or acceptance into an organization, a group or a society. The rite of initiation I experienced at a place of work was when I worked as an intern for a firm and I was told that the rite of initiation was for me to sing my favourite song. I actually sang my favorite song and it was fun and I was welcomed into the organization and introduced myself.

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