What is 3.42857142857 rounded to the nearest hundredth
2 answers:
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A.) The current reserve ratio is given by the fraction of the bank's total deposits held in reserves.
Given that the bank's total deposits is $7,200 and the reserves is $1,600, the current reserve ratio is given by:
b.) The loan portfolio is given by (total deposit - reserves) / total deposits
Thus, the loan portfolio of the given bank is given by:
Given that the bank's total deposits is $7,200 and the reserves is $1,600, the current reserve ratio is given by:
b.) The loan portfolio is given by (total deposit - reserves) / total deposits
Thus, the loan portfolio of the given bank is given by:
Answer:
Step-by-step explanation:
Given that at a hockey game, a vender sold a combined total of 204 sodas and hot dogs.
The number of sodas sold was three times the number of hot dogs sold.
Let no of hot dogs be sold be x then no of sodas sold will be 3x
Total number of sodas and hot dogs
the number of sodas =153
and the number of hot dogs sold=51