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Fudgin [204]
3 years ago
13

Refer to the accompanying balance sheet for the First National Bank. Assume the reserve ratio is 15 percent. If a check for $20,

000 is drawn and cleared against this bank, it will then have excess reserves of:_________.
a) $30,000
b) $15,000
c) $20,000
d) $25,000
Business
1 answer:
Arlecino [84]3 years ago
7 0
The answer is b $15,000
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The correct answer is (B) Price.

Explanation:

The price is a marketing variable that comes to synthesize, in a large number of cases, the commercial policy of the company. On the one hand, we have the needs of the market, set in a product, with certain attributes; on the other, we have the production process, with the consequent costs and profitability objectives set. That is why the company must be in charge, in principle, of setting the price it deems most appropriate.

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Answer:

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LenaWriter [7]

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