The quantity of the $1,000 deposit is the bank required to keep in reserves is 20%.
<h3>What is a reserve deposit?</h3>
A reservable deposit would be any bank deposit subject to bank reserves established by the Federal Reserve Bank of the United States.
Some key features of reserve deposit are-
- Through the mechanism of fractional reserve banking, such a deposit could be used in part as a loan.
- The remaining portion, as established by the Fed's bank reserves, must be kept by bank & made available for prompt withdrawal upon request.
- A reservable bank is a banks deposit that is subject to the reserve requirement guidelines of the Federal Reserve.
- Transaction (checking) savings account, savings accounts, as well as non-personal time deposits are all examples of reservable deposits.
- Sweep accounts, often known as money market funds, is non-reservable deposit account that generate a greater rate of interest than reservable deposit accounts.
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Answer:
option D : in a moral discussion, clarifying the facts and spelling out the principles to which people are appealing can help us to reach a solution.
Explanation:
Facts clarification and sorting according to the principles in terms of making it known the principles to which is people are appealing can definately help to reach an effective and sustainable solution in making a moral decision.
Answer:
Loss in the contract = -$330.
Explanation:
Selling price per futures contract = $1,696
Current Value of the future contract = $1,707
Since the price has increased, there is a loss.
Loss per contract - 1696 - 1707 = -11
Total loss in the trade = -11 * 10 (size of contract) * 3 (Number of contracts) = -$330
Answer:
$213,400 and zero
Explanation:
The computation is shown below:
Cost of the land would be
= Purchase price + Real estate commissions + Legal fees + Expenses of clearing the land + Expenses to remove old building
= $189,000 + $16,400 + $2,200 + $3,400 + $2,400
= $213,400
Since the property is purchase for building site construction so no cost would be recorded in the cost of the new building
Answer:
The statement of cashflow.
The correct answer is C
Explanation:
The statement of cashflow reports the cash inflows, cash outflows and change in cash for a period. It shows cashflow from operating activities, cash flow from investing activities and cashflow from financing activities.
