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____ [38]
3 years ago
7

Third national bank has reserves of $20,000 and checkable deposits of $200,000. the reserve ratio is 10 percent. households depo

sit $15,000 in currency into the bank and that currency is added to reserves. what level of excess reserves does the bank now have?
Business
1 answer:
irga5000 [103]3 years ago
6 0
Reserves - $20,000
Checkable Deposits - $200,000
Reserves Ratio - 10
Household Deposit - $15,000
Level of Excess Reserves - ?

Solution:
Checkable Deposits = $200,000 + $15,000 = $215,000
Required Reserves = 0.10 x $215,000 = $21,500
Excess Reserves = Actual Reserves - Required Reserves
= $35,000 - $21,500 = $13,500
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Laws designed to promote competition and prevent the formation of monopolies are known as _______ laws
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3 years ago
The sale or transfer of goods ordinarily held for sale in course of business is goverend by the?
GenaCL600 [577]

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Whilst a shop lowers its charges via a sale, though, customers are more willing to buy due to the fact they recognize they're now not set as a whole lot of money on the line. extra often than not, customers who like the stuff they buy on sale will turn out to be coming lower back to shop for it once more, despite the fact that it's not priced at a reduction.

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7 0
1 year ago
A competitive firm currently produces and sells 500 units of output. Its total revenue is $3,500; the marginal cost of producing
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Therefore, profit maximization occurs therefore, profit maximization occurs at the most significant gap or the biggest difference between the total revenue and the total cost.

TC = AC×Q = $4×500 = $2,000

Theoretically, profit maximization occurs where MR = MC

From the forgoing, producing an extra unit will increase the cost of the company thereby reducing profit.

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3 0
3 years ago
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Answer:

<u>Germany</u> and <u>Japan</u>

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Securities markets refer to the markets which deal with the issuance of equity, debt and derivatives securities. Such issue of securities facilitates the raising of capital by businesses.

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Germany and Japan have utilized their nation's bank credit based financial system.

3 0
3 years ago
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