Which financial institution usually offers the higher interest rate on savings accounts?

Suppose the currency-to-deposit ratio is 0.25, the excess reserve-to-deposit ratio is 0.05, and the required reserve ratio is 0.

Lana71 [14]

Answer:

Money multiplier, MM = (1 + Currency-deposit ratio) / (Currency-deposit ratio + Excess reserve ratio + Required Reserve ratio)

(a) Initially,

MM = (1 + 0.25) / (0.25 + 0.05 + 0.10) = 1.25 / 0.4 = 3.125

(b) Currency-deposit ratio = 0.3

MM = (1 + 0.3) / (0.3 + 0.05 + 0.1) = 1.3 / 0.45 = 2.89

(c) Excess reserve ratio rises to which number? MM cannot be computed unless exact number is provided.

7 0

2 years ago

Hassock Corp. produces woven wall hangings. It takes 3 hours of direct labor to produce a single wall hanging. Hassock standard

NISA [10]

Answer:

Direct labor time (efficiency) variance= $2,080 unfavorable

Explanation:

Giving the following information:

Standard= 3 hours of direct labor per unit

The standard labor cost is $13 per hour.

During August, Hassock produced 9,000 units and used 27,160 hours

<u>To calculate the direct labor efficiency variance, we need to use the following formula:</u>

Direct labor time (efficiency) variance= (Standard Quantity - Actual Quantity)*standard rate

Direct labor time (efficiency) variance= (3*9,000 - 27,160)*13

Direct labor time (efficiency) variance= $2,080 unfavorable

5 0

1 year ago

Masterson Company's budgeted production calls for 68,000 units in April and 64,000 units in May of a key raw material that costs

Finger [1]

Answer:

The budgeted materials needed in units for April = 67000 litres

Explanation:

The budgeted production for April = 68000 units

The budgeted production for may = 64000 units

The cost of raw material per unit = $1.70 per unit

It is given that at the end of each month the inventory should be = 25%

The April 1 inventory = 17000 units

Now calculate the material required for April production: $= [ Materials needed + ending inventory requirements - beginning inventory available ]$ $= [ 68000 + (64000 × 25%) – 17000 ] = 67000 Litres$

Therefore, the budgeted materials needed in units for April = 67000 litres

7 0

2 years ago

Mandy wants to mention detailed information about her hobbies, personal qualities, strengths, and professional achievements in a

dalvyx [7]

Answer:

Career portfolio I think

Explanation:

Tell me if I am wrong please.

6 0

2 years ago

Although, as a manager, Anette may not have the best technical skills, she makes up for it through her excellent communication,

dmitriy555 [2]

Answer:

A. human skills

Explanation:

Human skills -

It refers to the type of skills which a person have , giving the person excellent ability to interact , communicate with the team , in order to complete the project or assignment on time , is referred to as human skills .

The method enables the person to be one of the best manager , as helps , motivate and connect with the employees very efficiently , and hence the employees in turn gives their best result with proper handwork .

Hence , from the given scenario of the question ,

The correct answer is human skills .

6 0

2 years ago