1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Xelga [282]
3 years ago
13

If the required reserve ratio is 10%, actual reserves are $10 million, and currency in circulation is equal to $20 million, M1 w

ill at most to be equal to a $150 million. b $20 million. c $90 million. d $30 million. e $120 million.
Business
1 answer:
Pie3 years ago
8 0

Answer:

The correct answer is E

Explanation:

M1, M2 and M3 are the terms which measure the money supply of United States, referred to as money aggregates.

The formula for computing the M1 is as:

M1 = coins as well as currency in circulation + checkable or demand deposit + traveler checks

where

Currency in circulation is $20 million

Demand deposit is as:

= Required reserve × Actual reserve

= 10 ×  $10 million

= $100 million

Putting the values above:

M1 = $20 million + $100 million

M1 = $120 million

You might be interested in
How do i know if i received the third stimulus payment?.
alexandr1967 [171]

Answer:

Use the IRS Get My Payment tool to track stimulus money

For the third stimulus check: It's worth visiting the IRS' online portal designed to track the status of your 2021 payment. Generally, it should tell you when your check will be processed and how you'll receive it: for example, as a paper check in the mail.

Explanation:

4 0
3 years ago
A benefit of using a debit or credit card instead of cash is that it provides a paper record of a purchase. A proof of purchase
crimeas [40]
Hey there,

A benefit of using a debit or credit card instead of cash is that it provides a paper record of a purchase. A proof of purchase is often needed in all of the following situations except: Equipment rental
<span>
~Jurgen


</span>
7 0
3 years ago
Read 2 more answers
When making decisions, evaluating your possible resources will help _____. a. Impose limits to possible choices b. Add weight to
Slav-nsk [51]
A impose limits to possible choices


I'm pretty sure.
4 0
3 years ago
Read 2 more answers
Crane Company's accounting records reflect the following inventories: Dec. 31, 2017 Dec. 31, 2016 Raw materials inventory $21000
TiliK225 [7]

Answer:

$910,000

Explanation:

Given the above information, total raw materials available for use during 2017 is calculated below;

= Beginning raw materials + Purchases

Beginning raw materials = $210,000

Purchases = $700,000

Then,

Total raw materials available for use during 2017 for Crane company

= $210,000 + $700,000

= $910,000

5 0
3 years ago
White Company is a consulting firm and applies indirect overhead costs based on billing hours. The firm expects to have $102,000
Allisa [31]

Answer:

predetermined overhead allocation rate is 12 per direct labor hour

Explanation:

given data

indirect costs = $102000

labor time = 8500 hours

cost of labor = $60 per hour

to find out

predetermined overhead allocation rate

solution

we find here predetermined overhead allocation rate by given formula that is

predetermined overhead allocation rate = indirect costs / labor time   .............1

put here value in equation 1 to get rate

predetermined overhead allocation rate = indirect costs / labor time

predetermined overhead allocation rate = 102000 / 8500

predetermined overhead allocation rate = 12

so predetermined overhead allocation rate is 12 per direct labor hour

7 0
3 years ago
Other questions:
  • The manufacturing overhead budget at Pendley Corporation is based on budgeted direct labor-hours. The direct labor budget indica
    8·1 answer
  • Savings account A and savings account B both offer APRs of 6%, but savings account A compounds interest semiannually, while savi
    15·1 answer
  • On May 27, Buzz Off Inc. reacquired 5,500 shares of its common stock at $23 per share. On August 3, Buzz Off sold 3,200 of the r
    6·1 answer
  • Ray Bond sells handcrafted yard decorations at county fairs. The variable cost to make these is $20 each, and he sells them for
    5·1 answer
  • Q 10.29: The current market interest rate for $1,000, 10-year bonds of large corporations in the food industry is 6.3 percent. I
    14·1 answer
  • The Product Owner of a team was asked for a forecast for the completion of a product release. There were 140 story points worth
    9·1 answer
  • What is professionalism?
    7·2 answers
  • Eeeee I need help siks djnakwidbdh
    14·1 answer
  • What is meant by conversational style and is a conversational style  as appropriate in cross-cultural communication as it is in
    7·1 answer
  • Jim would like to learn more about what it's like to be a in college.without having to take college classes or difficult exams.
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!