Answer:
A) $800,000
Explanation:
Since the current reserve ratio is 20%, and the bank has no excess reserves, then the maximum it can lend if it receives $1 is $800,000.
The bank has currently $50 million in deposits and $10 million in reserves ($6 million in cash and $4 million in the Fed), so its reserves are exactly 20% of its total deposits. So if any new deposits are received, the bank will have to keep as reserves 20% of it (= $1,000,000 x 20% = $200,000).
This type of banking system is called the fractional banking system because banks are only required to keep a fraction of the money they receive as deposits and they can lend the rest to other clients.
Answer:
Net Income or Loss : a. 2019 = $53000 ; b. 2020 = $4000 loss ; c. 2021 = $43000
Explanation:
Assets - Liabilities = Capital (Closing/Opening)
458000 - 317000 = 141000 (2019 Closing Capital)
Profit = Closing Capital - Opening Capital + Drawings - Additional Capital
A. 2019 Opening Capital = 100000 (Given)
2019 Closing Capital = A - L = 458000 - 317000 = 141000
2019 Profit = CC - OC - D + AC = 141000 - 100000 + 12000 = 53000
B. 2020 opening capital = 2019 Closing Capital = 141000
2020 closing capital = A - L = 538000 - 367000 = 171000
2020 Profit = CC - OC + D - AC = 171000 - 141000 - 34000 = 4000 Loss
C. 2021 opening capital = 2020 closing capital = 171000
2021 closing capital = A - L = 668000 - 467000 = 201000
2021 Profit = CC - OC + D - AC = 201000 - 171000 + 25000 - 12000 = 43000
Answer:
False
Explanation:
What is a transportation company called?
- Courier companies are usually spin-offs from freight forwarders.
- There are various types of courier companies, such as airfreight courier companies or road couriers.
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Offer is a definite undertaking or proposal made by one person to another indicating a willingness to enter into a contract. The offer must be communicated to the offeree and must be <span>sufficiently definite and certain.</span>
An offer to enter into a contract can be terminated by lapse of time, r<span>evocation ,
counteroffer, rejection, death or incompetency of the offeror or offeree, destruction of the subject. </span>
Answer:
Total market value of the bonds: 6,972.2
Explanation:
The "quote" will be the percent of the face value at which the title is currently trading.
We will multiply each quoted by the face value to get the market value in dollars:
1,000 x 87.25/100 = 875.5
1,000 x 102.42/100 = 1,024.2
5,000 x 101.45/100 = 5,072.5
Total = 6,972.2
