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balandron [24]
3 years ago
12

The "reserve requirement" varies according to the ______________________ and the type of deposit (checking, savings, etc.).A. am

ount of caffeine in the bloodstreamB .size of the financial institutionC. mood of the Fed each Monday morningD. none of the above
Business
1 answer:
valentina_108 [34]3 years ago
6 0

Answer:

.size of the financial institution

Explanation:

The reserve requirement is one of the monetary policies of the Fed used to increase or decrease the money supply in the economy. The Fed will require commercial banks a certain percentage of the cash deposits in their vaults as reserve. Through the reserves requirement, the Fed regulates the amount of money available to be loaned to firms and households.

The amount of reserve a bank is supposed to hold as reverse is dependent on its size. For example, small size banks whose transaction accounts are below 15.2 million are not required to hold reserve. Medium size banks that with transaction account that range from $15.2 million to $110.3 million are required to keep 3 percent of deposits as reserve. Large banks with transaction accounts above $110 million must hold 10 percent as reserve.

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3 years ago
Which sentence about flexible spending accounts (FSAs) is true? A. The funds in the account remain for as long as you’re employe
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Contributions shall be paid until contributions for eligible spending are removed.

<u>Explanation: </u>

A Flexible Spending Account (FSA) is a kind of savings account that offers specific tax incentives for the account holder. The employer for a contractor provides the FSA, also known as a flexible spending plan. The account requires workers to pay for eligible charges related to medical care and dentistry for a percentage of their daily earnings.

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3 years ago
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You are a newly hired​ manager, and you attend your first meeting. you soon realize that the topic of discussion is the identifi
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3 years ago
As a result of a thorough physical inventory, Coronado Company determined that it had inventory worth $321000 at December 31, 20
Helga [31]

Answer:

The correct cost of inventory that Coronado should report is $367300

Explanation:

The goods sent on consignment still belong to the consignor until they are sold off by the consignee. So, the consignor should add the unsold consignment goods in its inventory. Thus we will add the cost of goods sent on consignment to the value of inventory.

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The goods purchased by Coronado on 27 December with FOB destination should not be added to the cost of inventory as with FOB destination terms, the goods do not belong to the buyer until they are delivered to their destination by the seller.

Thus, the correct cost of inventory that Coronado should report is $367300

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3 years ago
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