Answer
The answer and procedures of the exercise are attached in the following archives.
Step-by-step explanation:
You will find the procedures, formulas or necessary explanations in the archive attached below. If you have any question ask and I will aclare your doubts kindly.
Reserves equal deposits with the Fed plus vault cash
Option D
<u>Explanation:
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"Vault currency" simply is the cash a bank holds in buildings (most of which are normally kept in its caves) to satisfy everyday cash needs.
Foreign governments, the Bank, and perhaps most commercial banks in the USA are the primary providers of Federal Reservation Deposits. Federal Reserve Deposits may not be held by private citizens and businesses.
All FRD and FRN notices are reported as FRD liabilities. FRD liabilities, What the Fed have traded for (gold and mostly t-billion) these investments and notes are reported as the Fed's reserves.
Answer:
The C Corporation was incorporated on January 1 of 2013.
Explanation:
A corporation is a legal entity that constitutes a body to the eyes of the law. it is formed to run a particular business and has as main characteristic the Limited Liability of their owners.
Incorporation is the legal process needed to be followed in order to create a corporation. Thus. If C corporation was formed on January 1, 2013. The Incorporation day is the same January 1, 2013.