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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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The All-Star Basic Value Fund's portfolio is valued at $386.2 million. The fund has liabilities of $8.6 million, and the investm
Vera_Pavlovna [14]

Answer:

Net Asset Value of the fund = $377.6 million

Explanation:

Net Asset Value 9NAV) is the value per share in a portfolio.

Provided information,

All Star Basic Value Fund value = $386.2 million

Liabilities of fund = $8.6 million

Net Asset Value = $386.2 - $8.6 = $377.6 million

Net Asset Value per share = \frac{377,600,000}{18,600,000} = 20.30

Therefore, Net Asset Value of the fund = $377.6 million

And NAV per share = $20.30

7 0
3 years ago
Which of the following set the first minimum wage? The Taft-Hartley Act of 1947 The AFL-CIO The Norris-LaGuardia Act of 1932 The
lara31 [8.8K]

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Explanation:

6 0
4 years ago
A detailed search of the _______ must be done to determine if the manufacturer has found the customer’s concern in other vehicle
fiasKO [112]
<span>A detailed search of the A. TSB must be done to determine if the manufacturer has found the customer’s concern in other vehicles of the same type, or if the vehicle in question is being recalled for this or other concerns.

</span><span>Manufacturers issue technical service bulletins (TSBs) to provide information to technicians on unexpected problems, updated parts, or changes to repair procedures that may occur with a particular vehicle system, part, or component.</span>
7 0
3 years ago
Read 2 more answers
A student buys a cell phone for $200 and is offered protection insurance for the phone.
Deffense [45]

Answer: What is the risk of losing or damaging the phone?

Explanation:

Insurance is a form of protection from a financial loss. After purchasing the phone for $200, if the student is offered protection insurance for the phone, the main thing to consider is the risk of losing or damaging the phone.

The value of buying insurance for a cell phone is simply for the person to be able to replace the cell phone in case of a scenario whereby the phone is lost or stolen.

8 0
3 years ago
If the multiplier is 4 and there are no taxes, and government spending increases by $100 billion, real gdp will:
pickupchik [31]
<span>If the multiplier is 4 and there are no taxes, and government spending increases by $100 billion, real gap will increase by $400 billion.

To solve:
Take the multiplier and multiply it by the $100 billion.
($100 billion)(4) = $400 billion</span>
6 0
3 years ago
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