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Zarrin [17]
3 years ago
9

Suppose that from a new checkable deposit, First National Bank holds two million dollars in vault cash, eight million dollars on

deposit with the Federal Reserve, and nine million dollars in excess reserves. Given this information, we can say First National Bank has ________ million dollars in required reserves.
Business
1 answer:
Arada [10]3 years ago
4 0

Answer: It has 1 milion dollars in required reserves

Explanation:

Tot. Res = Vault cash + Deposit with Federal Reserve

Tot. Res = 2 million dollars + 8 million dollars = 10 million dollars

Total reserves are the sum of excess reserves and required reserves .

Tot. Res. = Exce. Res. + Req. Res.

10 million dollars = 9 million dollars = Req. Res.

Req. Res. = 10 million dollars- 9 million dollars.

Req. Res. = 1 million dollars.

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Correct option is A.

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Which of the following is the riskiest choice for your money? A. Savings account B. Government bonds C.CDs D REI
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Rues and West Inc. is an automobile manufacturing firm. It produces and assembles all the parts of automobiles in its factory an
Alexxandr [17]

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3 years ago
You’ve been called in to consult with a small startup company that needs advice on how to set up its computer systems and networ
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focus on a client-server model

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4 years ago
A company uses the periodic inventory system and had the following activity during the current monthly period.
Alekssandra [29.7K]

Answer:

The answer is: $3,289

Explanation:

<u>Date</u>                 <u>Units </u>                 <u>Unit price</u>           <u>Inventory</u>      <u>Average cost</u>

Purchases

Nov. 1             103 units             $20 per unit        $2,060        $20 per unit              

Nov. 5            103 units             $22 per unit        $4,326         $21 per unit

Nov. 8            53 units               $23 per unit        $5,545        $21.41 per unit

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Sales

Nov. 16          -138 units            $21.78 per unit    $3,006       $21.78 per unit

Ending inventory

Nov. 30          151 units           $21.78 per unit    $3,289       $21.78 per unit

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3 years ago
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