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Alenkinab [10]
3 years ago
6

The manager of the bank where you work tells you that your bank has $6 million in excess reserves. she also tells you that the b

ank has $400 million in deposits and $362 million dollars in loans
Business
1 answer:
Yuki888 [10]3 years ago
4 0
That's not a question. but add 400 dep. and 6 res. thats 406 million. Minus 362 million that is a positive amount of 44 million total res. + dep. But banks don't work like that. Most banks have at LEAST 100x more money loaned out than what is in reserves or deposits combined
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Answer:

$100

Explanation:

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The profit maximization conditions says that the marginal cost must be equal to the marginal revenue.

Hence,

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7 0
3 years ago
Mona contracts to repair a computer for New Data, Inc. (NDI) for $450 and have it done by next Monday. Mona knows that without t
damaskus [11]

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In this case, New Data can sue Mona for consequential damages resulting from Mona not performing her contractual obligations. The damages that New Data can recover = $5,000 which is the profit from the lost sale. The $1,000 spent fixing the computer cannot be recovered.

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"The objective of external auditing is to provide opinions on the reliability of the financial statements and provide opinions o
muminat

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A. True

Explanation:

4 0
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Answer:

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Download pdf
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