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k0ka [10]
3 years ago
6

Accounting standard-setters use the following process in establishing accounting standards

Business
1 answer:
Delicious77 [7]3 years ago
4 0
Research, discussion paper, exposure draft, standard. 
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Suppose a bank has $600 million in deposits and $30 million in required reserves, and it is holding no excess reserves. What is
Kruka [31]

Answer:

5%

Explanation:

Deposit= $600 million

Required reserve= $30 million

Required reserve ratio= required Reserve/deposit

= 30 million/600 million

= 0.05×100

= 5%

Hence the required reserve ratio is 5%

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Match the products below with the type of market in which they are sold.
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