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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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gulaghasi [49]

Answer:

$9,100

Explanation:

Calculation for what amount will Bahama record the dishwasher

Using this formula

Amount to record

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Let plug in the formula

Amount to record dishwasher=$8,000 + $600 + $500

Amount to record dishwasher = $9,100

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5 0
3 years ago
Because of the substitution problem, the cpi tends to overstate the true change in the price of the typical basket of consumer g
butalik [34]

It is true that because of the substitution problem, the CPI tends to overstate the true change in the price of the typical basket of consumer goods.

<h3>What is CPI?</h3>
  • A consumer price index measures a market basket of goods and services that households have purchased at a weighted average price.
  • The measured CPI fluctuates to reflect changes in prices over time.
  • One of the most popular methods for determining inflation and deflation is the CPI.
  • An essential gauge of an economy's health is inflation. The CPI and other indexes are used by governments and central banks when making economic decisions.
  • The decision to raise or cut interest rates is crucial among these.
  • If the CPI increases, it indicates that the average rate of change in price over time has increased. The cost of living and income are eventually changed as a result of this.

Learn more about CPI here:

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7 0
1 year ago
Investors who put their own money into a startup are known as
konstantin123 [22]

Hi there!

Investors who put their own money into a startup are known as angel investors. Also, they are usually family or friends but don't have to be.

The closest answer to angel investors is C. Angels.

I hope that helps u! :)

3 0
3 years ago
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Answer:

False

Explanation:

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melamori03 [73]
A. true.
It was true on my quiz I believe
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2 years ago
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