Answer:
Timeliness principle.
Explanation:
Industry best practices can be used by various organizations as common core security principles to manage and control most, if not all of their assets and resources. These security principles can be adopted during the process of developing organizational policies, standards, baselines, procedures, and guidelines to effectively and efficiently manage the organization.
Timeliness principle can be defined as a principle which states that all stakeholders involved in the securitization of an organization and assets must act in a timely manner for the constant monitoring of the current and future state of the organization's assets, so as to avoid the integrity of its security being breached or compromised.
Hence, the principle which typically specifies that all personnel, assigned agents, and third-party providers should act in a timely manner to prevent and to respond to security breaches is known as the timeliness principle.
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Answer:
A banking system has a reserve ratio equal to 15%. For every $100 deposited into the banking system, the bank is required to keep 2 at least ____$15________ on reserve and can therefore lend no more than ___$85______ Instructions: Enter a whole number in each box above.
b. For this banking system, the money multiplier is equal to_____6.67_____meaning that $100 of cash deposited into the banking system 4 points can be turned into ___$667________ deposits through the money creation process.
Explanation:
a) Reserve Ratio: This is the portion of deposit liabilities that commercial banks must keep, rather than lend out or invest as determined by the country's central bank. In the United States, the Federal Reserve determines the Reserve Ratio and uses it to control the money supply in the economy.
b) The Money Multiplier refers to the change that happens when an initial deposit leads to a bigger final increase in the total money supply. For example, a commercial bank has deposit liability of $1 million and this leads to a final money supply of $10 million. The money multiplier is 10. The formula for calculating the money multiplier is 1/RR, where RR is the Reserve Ratio. This means that the money multiplier is a function of the reserve ratio.
The amount of interest revenue the company will recognizes: For 2021 it will be $4680, for 2022 it will be $6240, and for the 2023 it will be $4680.
What is interest revenue?
The income that an organisation receives from every investments it makes or on debt it owns is known as interest revenue. A business must record interest revenue underneath the accrual basis of accounting even if it has not yet received payment in cash for the interest as long as it has earned this same interest; this is done through an accrual journal entry. Interest revenue is only recorded under the cash basis of accounting when the entity receives a cash payment for interest.
For instance, if a business uses the accrual method of accounting, it might spend $10,000 on a certificate of deposit that yields 6% interest and generates $600 in interest income after a year.
The amount of interest revenue the company will recognizes :
2021 => $52000 × 12% × 9/12 = $4680
2022 => $52000 × 12% × 12 = $6240
2023 => $52000 × 12% × 9 /12 = $4680
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