Ask question

Ask question

All categories

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

1 answer:

Arlecino [84]3 years ago

7 0

The answer is b $15,000

You might be interested in

Suppose interest rates in the UK fall. This will affect the side of the foreign exchange market and cause exchange rates to

maw [93]

A fall in the interest rates in the UK, would cause the exchange rate of the UK to decline.

<h3>What is the impact of a fall in interest rate on exchange rate?</h3>

Exchange rate is the rate at which one currency is exchanged for another currency. Interest rate is the return earned by investors for allowing business owners use their funds.

When interest rate declines, the return earned by investors would fall. This would discourage investors from investing. This would lead to a decline in the demand for the UK currency. This would depress the exchange rate.

To learn more about exchange rate, please check: brainly.com/question/25780725

5 0

1 year ago

When reviewing your client's search network campaign, you notice that an ad in one of the ad groups has a lower average position

svlad2 [7]

The automated bid strategy that the person should use is the target search page location. This will allow the ads that are being displayed to find a better location or where it could be seen by the internet users. It will be most likely be placed on the top pages or the most used sites in the internet, in which it will produce the ad to be found in the most researched pages.

8 0

3 years ago

investment is made at r percent compounded annually, at the end of n years it will have grown to A = P(1 + r)n . An investment m

bixtya [17]

Answer:

$1,500

Explanation:

Given the compounding formula $A = P(1+r)^{n}$

And given an investment (P), made at 16% compounded annually (r), and an ending amount of $1,740 (A) at the end of the year (n = 1 year), the original amount invested (P) can be computed as follows.

$1,740 = P(1+0.16)^{1}$

$1,740 = P * 1.16$

= P = 1,740/1.16 = 1,500.

Therefore, the original investment was $1,500.

3 0

3 years ago

Brand __________ is the set of assets and liabilities linked to a brand that add to or subtract from the value provided by the p

timama [110]

Answer:

Equity.

Explanation:

Brand equity is the added value that creates a positive impact about the brand name in the minds of a customer. The given definition of brand equity was proposed by Davis Aaker. We can understand brand equity as the image or reputation that any brand holds in the minds of a customer.

4 0

3 years ago

Other things equal, the demand for a good tends to be inelastic (less elastic), the longer the time period considered. more the

Marta_Voda [28]

Other things equal, the demand for a good tends to be more inelastic A) the fewer the available substitutes.

Inelastic merchandise is usually necessities without applicable substitutes. The maximum commonplace goods with an inelastic call for are utilities, pharmaceuticals, and tobacco products. companies imparting such merchandise hold greater flexibility with prices because demand stays constant even if fees boom or decrease.

Inelastic is a monetary term regarding the static amount of a terrific or service while its price adjustments. The inelastic manner that when the rate goes up, customers' shopping for habits live about the same, and when the rate goes down, consumers' shopping for conduct additionally remains unchanged.

An elastic call for is one in which the exchange in quantity is demanded because of exchange in rate is huge. An inelastic call is one in which the change in the amount demanded due to an alternate in charge is small.

Learn more about inelastic here brainly.com/question/7694106

#SPJ4

8 0

2 years ago