Answer:
C. Checkable deposits decline by $10 million.
Explanation:
The banks must keep a reserve of money at Central Banks, the amount is defined by the reserve ratio, 10% in this case, but the banks could keep an extra reserve of money at Central Banks, in this case it's $ 1 million, so, if the bank decides to keep that reserve it means will be less money available to checkable deposit in the same amount.
When the banks keeps reserve by his own will, the required reserve ratio is not applicable to the amount, is the same situation as if we want to keep our money in the bank, for banks, they keep money in Central Banks.
hoping having been clear.
Answer:
a. (1) make the plan, then (2) carry out the plan.
Explanation:
The cycle of the planning/ control comprises of following steps
1. Make the plan
2. After that carry out the plan
3. Now the control is there by comparing
4. And finally, the control could be taken by taking corrective actions
According to the given situation, the correct option is a
And, the rest of the options are wrong
Answer:
The correct answer is A.
Explanation:
Giving the following information:
Direct materials= $30
Direct labor= $36
Variable overhead= $24
<u>Under the variable costing method, the unit product cost is calculated using the direct material, direct labor, and unitary variable overhead.</u>
Unitary product cost= 30 + 36 + 24= $90
Answer:
Because everyone , regardless of their income is paying the same percentage of their income as tax, the local government is following a flat tax system.
Explanation:
Answer:
a lender pays off your existing loans with a new one at a lower interest rate.
Explanation:
