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anastassius [24]
3 years ago
12

Suppose the banking system currently has $400 billion in reserves, the reserve requirement is 8 percent, and excess reserves amo

unt to $5 billion. What is the level of deposits?
Business
1 answer:
Rudik [331]3 years ago
8 0

Answer:

Total Deposits  = $4937.5 billion  

Explanation:

given data

currently in reserves = $400 billion

reserve requirement = 8 percent

reserves amount = $5 billion

solution

first we get  here Minimum Required Reserves that is express as

Minimum Required Reserves = Current Reserves - Excess Reserves    .........................1

put here value we get

Minimum Required Reserves = $400 billion - $5 billion

Minimum Required Reserves = $395 billion

and

Total Deposits is express as

Total Deposits  = \frac{minimum\ required\ reserve}{reserve\ required}      ......................2

Total Deposits  = \frac{395}{0.08}

Total Deposits  = $4937.5 billion  

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Snowcat [4.5K]

which system tax collection system supports the idea that some states are more valuable than others is the Articles of Confederation says that its value will be estimated based on land, people, and improvements

Taxes can be defined as mandatory levies from the people for the state. Every penny of tax money paid by the people will be included in the post of state income from the tax sector. Its use is to finance central and local government spending for the welfare of the community.

Taxes are very beneficial for the state. In full, taxes are widely used for:

  • Financing state expenditures, such as: self-liquidating expenditures, for example: expenditures for productive projects for export goods.
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You can learn more about tax here brainly.com/question/16423331

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3 0
1 year ago
Service ________ means that a firm cannot store its services.
AleksandrR [38]
The answer is Perishability. It means that a firm cannot store its service. Service Perishability is used in marketing to describe the way in which service cannot stored in the future. The services in Perishability cannot be saved, resold, stored and return once they have been used.  
7 0
3 years ago
Trail Corporation has gross profits on sales of $140,000 and deductible expenses of $180,000. In addition, Trail has a net capit
creativ13 [48]

Answer:

a. $20,000.

Explanation:Gross profit is a term used in the business Organisations to describe the total amount earned from the business activities of an organisation after deducting the total cost incurred which includes the total fixed cost and the total variable cost.

Deductible expenses is the total amount of cost that can be deducted from the business activities of an organisation over a given period of time.

FOR TRAIL CORPORATION ITS TAXABLE INCOME IS $20,000 DERIVED FROM DEDUCTING $180,000 FROM THE SUM OF $140,000 AND $60,000.

4 0
3 years ago
Whitney Company had no units in process at the beginning of the month. During the month 8,000 new units were started, 6,000 of t
shusha [124]

Answer:

$7.20

Explanation:

                        Units  % Mat.  EUP- Mat.  % Conv.   EUP- Conv.

Units completed &               6000    100%     6000         100%        6000

transferred out

Units in ending inventory    2000    100%     2000         30%          600

Equivalent units of production                     8000                           6600

Cost per Equivalent Unit of Production      

                                                         Materials    Conversion      Total

Beginning costs             -                       -                 -

During the month costs                   <u>$20,800 </u>       <u>$30,360</u>

Total cost                                          $20,800        $30,360

÷ Equivalent units of production     <u>  8.000</u>          <u>   6,600</u>

Cost per equivalent unit                 $2.60             $4.60           $7.20

of production

4 0
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What is negligent hiring? How can you avoid it?
AnnZ [28]
Negligent Higher is a claim that is made by an injured party on the basis that an employer should have known the background of the employee better.

How to avoid it?

Better background checks

Check references
7 0
3 years ago
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