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
antoniya [11.8K]
3 years ago
7

Assume that the following balance sheet portrays the state of the banking system. the banks currently have no excess reserves.

Business
1 answer:
Snowcat [4.5K]3 years ago
3 0

Answer:

20%

Explanation:

The total reserves of banks is $4 billion

Since the banks have no excess reserves then, the total amount of required reserves is $4 billion

The checkabke deposits is $20 billion

Therefore, the required reserve ratio can be calculated as follows

Required reserve ratio= $4 billion/$20 billion

= 0.20×100

= 20%

Hence the required reserve ratio is 20%

You might be interested in
Software (such as typical tax preparation software) which in essence interviews the user is following which user interface metap
JulsSmile [24]
Chdbdjbdjvdibdbdjdbdondidbfidbdjfbfidbdjd
6 0
3 years ago
When you buy in bulk, the price per individual item .
iogann1982 [59]

Answer:

Decreases

Explanation:

The seller is willing to diminsh price if he can sell more units of anygiven product.

3 0
3 years ago
Sunset Corp. has a bond outstanding with a coupon rate of 5.94 percent and semiannual payments. The yield to maturity is 5.1 per
borishaifa [10]

Answer:

$2,189.76

Explanation:

<em>The price of a bond is the present value (PV) of the future cash inflows expected from the bond discounted using the yield to maturity.</em>

<em>The price of the bond can be calculated as follows:</em>

<em>Step 1</em>

<em>PV of interest payment</em>

Interest payment =( 5.94%× $2000)/2

= $59.4

Semi annual yield = 5.1/2 = 2.6%

PV of interest payment

= 59.4× (1-(1.026)^(-20×2))/0.026)

= 59.4 × 24.41400537

=<em>$ 1,450.19</em>

Step 2

<em>PV of  redemption value</em>

=  2,000 × (1+0.051)^(-20)

= 2,000 × 0.369781925

=   739.56

Step 3

<em>Price of bond  </em>

= $1,450.19 + $739.56  

=$2,189.76

6 0
3 years ago
The cover letter should _____. a. be a minimum of two pages in length b. never ask for an interview c. introduce you to an emplo
eimsori [14]

✧・゚: *✧・゚:*    *:・゚✧*:・゚✧

                  Hello!

✧・゚: *✧・゚:*    *:・゚✧*:・゚✧

❖ The cover letter should c. introduce you to an employer.

~ ʜᴏᴘᴇ ᴛʜɪꜱ ʜᴇʟᴘꜱ! :) ♡

~ ᴄʟᴏᴜᴛᴀɴꜱᴡᴇʀꜱ

8 0
3 years ago
Read 2 more answers
_________ management emphasized internal operations because managers were concerned primarily with meeting the explosive growth
xenn [34]

Answer:

Systematic management

Explanation:

Systematic management is an approach of management which focus on the process of the management instead of the final outcome. The objectives of this approach to the management are:

To establish the particular procedures and processes to be used in the completion of the job task.

So, the systematic management is the one which focus on the internal operations as managers are concerned with the growth brought about through the Industrial Revolution.

5 0
3 years ago
Other questions:
  • Which position has the duty to examine the cost implications of a proposed bill?
    12·1 answer
  • Jones Lumber Co. has annual fixed costs including depreciation of $300,000 and variable costs that are 88.25 percent of sales. W
    13·1 answer
  • Kropf Inc. has provided the following data concerning one of the products in its standard cost system. Variable manufacturing ov
    8·1 answer
  • Many socialist nations in Europe are forced to use the "value-added" tax concept to raise money that is desperately needed to su
    15·1 answer
  • Theresa leased a one-bedroom apartment from Landlady for one year at $500 per month. After three months, she vacated the apartme
    9·1 answer
  • A given university has an average professor pay of $40,000 a year and an average administrator pay of $45,000 per year. If the r
    15·1 answer
  • Start with the beginning balances for these​ T-accounts: Accounts​ Receivable, $100,000​, Allowance for Uncollectible​ Accounts,
    12·1 answer
  • After Juan wrote down the week's tasks, schoolwork, and after-school activities in his assignment notebook, he highlighted all t
    11·2 answers
  • Sanchez Company's output for the current period was assigned a $400,000 standard direct labor cost. The direct labor variances i
    9·1 answer
  • A busy food pantry works hard each holiday season, but employees are completely exhausted afterwards. In addition, the stock is
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!