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2 years ago

In recent times, the value of "currency" as well as "checkable deposits" was about $___________ billion each.

Business

1 answer:

Alinara [238K]2 years ago

6 0

Answer:

As of December 2019, the total amount of currency in the US economy was $1,700 billion, while total checkable deposits as of December 2019 was $2,300 billion.

Explanation:

Total M1 money supply in the US economy as of December 2019 was $4 trillion (as stated by the federal reserve)

M1 money supply includes checkable deposits, paper bills and coins (currency) and travelers' checks.

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How long after you file taxes does it get approved.

Kitty [74]

Answer:

24 to 48 hours

Explanation:

When you e-file, it typically takes 24 to 48 hours for the IRS to accept your return. Once your return is accepted, you are on the IRS' refund timetable. The IRS typically issues refunds in less than 21 days.

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2 years ago

Regal Financial Institution specializes in home loans. What type of financial institution is it? savings and loan bank credit un

Serga [27]

Regal Financial institution is a Savings and loan bank. Conventionally,S$L must have a Mortgage dominant of over 65%.

S&L are typically suitable for home loans than commercial banks because they have lower borrowing rates. their emergence was neccessitated by the exclusivity of commercial banks.

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3 years ago

Read 2 more answers

Upland Company borrowed $40,000 on November 1, 2017, by signing a $40,000, 9%, 3-month note. Prepare Upland’s November 1, 2017,

kodGreya [7K]

Answer:

cash 40,000 debit

note payable 40,000 credit

--to record signing of note----

interest expense 300 debit

interest payable 300 credit

--to record accrued interest----

note payable 40,000 debit

interest payable 300 debit

interest expense 600 debit

cash 40,900 credit

--to record honor of the note---

Explanation:

when signing the note we receive the cash and delcare the liability

at December 31th

we recognzie the accrued interest: for the month

we need to convert the annual rate to monthly: 0.09/12 = 0.0075

40,000 x 0.0075 = 300

at payment of the note, we write-off the note

we pay the full interest:

300 per month x 3 month = 900

we already accrued one so the expense will be for 600

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3 years ago

You have been running a landscaping business called Trim Grass for about two years. You have developed a special blend of grass

Verdich [7]

Answer:

2222

Explanation:

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3 years ago

For each of the annual inflation rates given in the following table, first determine the new price of a movie ticket, assuming i

Mazyrski [523]

Answer:

see below

Explanation:

The balance in Lucia's account is 1.05 times the original deposit, reflecting addition of 5% interest for the year.

The ticket price is the original price multiplied by (1 + inflation rate). The number of tickets that Lucia can purchase is the account balance divided by the ticket price. The quotient is rounded down to the nearest integer.

The "real interest rate" is the percentage change from the original number of tickets that could be purchased.

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3 years ago