1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Rufina [12.5K]
2 years ago
9

Suppose that the Bank of Oranges has excess reserves of $80,000,000 and checkable deposits of $500,000,000. If the bank has a re

serve requirement of 10 percent, what is the bank’s total amount of reserves? Choose one:
A. $130,000,000
B. $30,000,000
C. $580,000,000
D. $0
E. $508,000,000
Business
1 answer:
Artyom0805 [142]2 years ago
7 0

Answer:

Option (A) $130,000,000

Explanation:

Data provided in the question:

Excess reserves = $80,000,000

Checkable deposits = $500,000,000

Reserve requirement by the bank = 10%

Now,

The bank’s total amount of reserves will be

⇒ Reserve requirement ×  Checkable deposits

or

= 10% × $500,000,000

= 0.10 × $500,000,000

= $50,000,000

Hence,

the total amount of reserve = Required reserve + Excess reserves

= $80,000,000 + $50,000,000

= $130,000,000

Option (A) $130,000,000

You might be interested in
Investing online is usually ________ than trading through a traditional stock brokerage firm.
just olya [345]

Trading stocks with an internet broker is typically less expensive than doing so through a traditional stock brokerage.

What is online trading?

  • Investing is very much essential these days as reserve funds alone isn't satisfactory to fulfill all our financial goals conjointly to defeat inflation.
  • There are a few venture choices accessible and you'll be able select them as per your needs and comfort.
  • Investment habit brings a sense of financial discipline in a person’s life as it makes you allocate a certain amount of money periodically for the purpose of investment.
  • It is less expensive as compared to traditional mode of trading. Brokers also promote online trading as it reduces maintenance and other costs incurred by the broker.
  • Trading can be wiped out a consistent way and in less time. Some time recently the coming of online advances, exchanging was a awkward prepare as you had to visit the broker or call your broker for setting or cancelling exchange orders.

To know more about online trading visit:

brainly.com/question/830555

#SPJ4

6 0
1 year ago
While legal experts recommend a felony caseload of no more than ________ per attorney per year, some attorneys represent upwards
wlad13 [49]

i think my answer is 150.. but i guess..

6 0
3 years ago
As of the June 11 pay date, the General Ledger account for Burling Mills has a balance of $14,289 in its Federal withholding tax
Karo-lina-s [1.5K]

Answer:

Answer is Credit $30,539

Explanation:

So as of June 11, the account balance of Burling Mills is $14,289 and it is withholding  tax payable account. Now on 25 June, the account is credited with $16,250. The total balance in the account is $30,539. No tax will be deducted on this amount because it is federal withholding tax payable account. So the right option is D) Credited $30,539

5 0
2 years ago
What quality might be important for someone who works in the Performing Arts pathway of the Arts, A/V Technology, and Communicat
Alex73 [517]

Answer:A quality that may be important for someone who works in the performing arts pathway would be to express themselves in whatever way they chose.

Audio and video technology and film - They can express their thinking or feelings through film, movies, videos, pictures etc.

Broadcasting and journalism - If people express their feelings or thoughts in Broadcasting or journalism, it would be through writing or talking.

Visual Arts - Visual arts is exactly what it sounds like, you express yourself through painting, drawing, sculptures, designing, and crafts.

3 0
3 years ago
Read 2 more answers
Service is?
zhannawk [14.2K]

Answer:

all of the above are parts of the definition of service

Explanation:

If the customer gets great customer service, they will obviously have a propensity to go back to the same store to meet future needs. Companies that match or surpass expectations are regarded to have a high quality of service. Knowledge of customer expectations is a basic requirement for providing superior service. Customers compare experiences with expectations when evaluating a company's performance.

6 0
3 years ago
Other questions:
  • When Ronaldo bought his new flat-screen television, he was surprised at the cost differences between some of the models. When he
    13·1 answer
  • The purpose of advertising is _____.
    15·1 answer
  • About what percent of the labor force holds a college degree
    10·1 answer
  • HELP ASAP!! The question is “add your income from lines 1-5 and add it here since lines 2-5 dont apply to you your total income
    8·1 answer
  • In 2019, Jamie earns $7,000 in net investment income and incurs $12,000 of investment interest expense. What is the maximum amou
    11·1 answer
  • Siva, Inc., imposes a payback cutoff of three years for its international investment projects. Year Cash Flow (A) Cash Flow (B)
    6·1 answer
  • Bravo Automotive provide repair services for $250 on account. What account will be debited?
    12·1 answer
  • Is an increase in the marginal income tax rate reflected by a shift in the after-tax supply of labor or a movement along the sup
    11·1 answer
  • After a robbery,why should you move away from ant place the robber has touched
    5·1 answer
  • Nirav just opened a savings account paying 2 percent interest, compounded annually. After four years, the savings account will b
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!