A financial planner is examining the portfolios held by several of her clients. Identify which of the following portfolios is li
1 answer:
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Answer:
The boy: 8 years old
The sister: 11 years old
Explanation:
We assume that the age at present of the boy is x (years old).
As he is younger than his sister 3 years, so that his sister's present age is great than x 3 years
=> Her present age is: x + 3 (years old)
Two years ago, the boy is younger than present two years
=> The boy's age two years ago is: x - 2 (years old)
Similarly, the sister's age two years ago is: (x+3)-2 = x + 1 (years old)
As given, two years ago he was two-thirds of his sister's age, so that we have:
<em>The boy's age two years ago = </em><em> × the sister's age two years ago</em>
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=> x + 3 = 8 + 3 = 11
So the present age of the boy is 8 years old, of the sister is 11 years old
Answer: $40,000
Explanation:
Hello. Your question was incomplete as it lacked the balance sheet in question. Luckily I found it and have now attached it.
The question states that the central bank has set a required reserve ratio of 10%. This means that 10% of the deposits at the bank are not to be touched so they cannot loan past 90% of the deposits.
The bank has only $60,000 remaining to loan out as they will not sell their securities.
So we will calculate how much they can loan out thus,
= 60,000 - (200,000 * 10%) to find out what amount cannot be touched
= 60,000 - 20,000
= $40,000
The maximum amount of additional loans the bank in Jamestown can undertake is $40,000.
