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kodGreya [7K]
3 years ago
5

Why must banks keep money on reserve?

Business
1 answer:
Jobisdone [24]3 years ago
8 0

Answer:

Bank reserves are the cash minimums that must be kept on hand by financial institutions in order to meet central bank requirements. The bank cannot lend the money but must keep it in the vault, on-site or at the central bank, in order to meet any large and unexpected demand for withdrawals.

Explanation:

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What MIGHT be a solution to unequal development applied by ASEAN, according to Vision 2020? A) free trade B) democratic election
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Answer:

The correct answer is letter "A": free trade.

Explanation:

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What is resource partitioning?
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Answer:

See explanation below foe answer.

Explanation:

Resource partitioning is a term that refers to the division of resources that are limited by species in order to avoid competition in an ecological niche. In an environment where organisms are in constant  competition for limited resources, there arises the need for the organisms and different species to find ways in which to coexist with one another.

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3 years ago
Barbara Muller Services (BMS) pays its employees monthly. The payroll information listed below is for January 2021, the first mo
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Answer:

The journal entry to record payroll for the January 2013 pay period will include a debit to payroll tax expense of $6,760

Explanation:

In order to calculate The journal entry to record payroll for the January 2013 pay period we would have to calculate the payroll tax expense as follows:

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(Social security tax rate+medicare tax rate)*Salaries=$6,120

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payroll tax expense=$6,760

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