The interest rate that the federal reserve charges other banks on loans is called the<u> federal funds rate.</u>
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<h3>What are federal funds rate?</h3>
One of the most important interest rates in the US economy is the federal funds rate. This is because it has an impact on monetary and financial conditions, which in turn affect critical aspects of the broader economy such as employment, growth, and inflation.
The federal funds rate is the interest rate that banks charge each other overnight to borrow or lend excess reserves.
Banks are required by law to maintain a minimum reserve level in proportion to their deposits. A Federal Reserve Bank holds this reserve requirement. When a bank has excess reserve requirements, it may lend these funds to other banks that have a reserve deficit overnight.
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Answer:
6ax+9ay−2bx−3by
Explanation:
2x(3a−b)−3y(b−3a)
Distribute:
=(2x)(3a)+(2x)(−b)+9ay+−3by
=6ax+−2bx+9ay+−3by
Answer:
The correct answer to the following question:
Mitral valve stenosis
Explanation:
It showed the right side in the heart. In this condition the valve of the heart become narrow.
If this valve becomes abnormal then this valve doesn't open properly and it also blocks the flow of the blood coming from the left ventricle which is the heart's main pump.
Answer:
Explanation:
1. April 1, 2018
Dr Notes Receivable 570,000
Cr Cash 570,000
2. Dec 31, 2018
Dr Interest Receivable 47,025
Cr Interest revenue 47,025
*Interest Revenue = Face value*Annual int. rate*Fraction of the year = 570,000*11%*9/12 = 47,025
3. April 1, 2019
Dr Cash 632,700
Cr Notes receivable 570,000
Cr Int receivable 47,025
Cr Int revenue 15,675
*Int revenue = 570,000*11%*3/12 = 15,675
D. Violates public policy
For Example: you can not enter into a payment arrangement for illegal drugs lol