Answer and Explanation:
a. The completion of the following table to reflect any changes in First Main Street Bank's T-account is shown below:-
<u>First Main Street Bank's Balance Sheet
</u>
<u>Assets Amount Liabilities Amount</u>
Reserves $750,000 Checkable Deposits $750,000
b. The completion of the following table to show the effect of a new deposit on excess and required reserves is shown below:-
<u>Amount deposited</u> Change in excess Change in required
<u>reserves</u> <u>reserves</u>
$750,000 $600,000 $150,000
($750,000 - $150,000) ($750,000 × 20%)
It was last issued in 2003
Answer:
5.7%
Explanation:
The computation of the expected rate of return is shown below:
= (Expected return of the boom × weightage of boom) + (expected return of the normal economy × weightage of normal economy) + (expected return of the recession × weightage of recession)
= (15% × -4%) + (7% × 80%) + (5% × 14%)
= -0.6% + 5.6% + 0.7%
= 5.7%
We simply multiply the weightage with each its expected return
The weightage of the normal economy is
= 100% - 15% - 5%
= 80%
Answer:
the answer B
Explanation:
using your debit card to pay groceries at the supermarket