1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Paraphin [41]
2 years ago
7

A bank has $10 million in vault cash and $110 million in deposits. If total bank reserves were $15 million with $2 million consi

dered to be excess reserves, what required reserves ratio is implied?
Business
1 answer:
Yuri [45]2 years ago
6 0

Answer:

Reserve ratio will be equal to 11.81 %

Explanation:

We have given vault cash = $10 million

Total deposit = $110 million

Reserve amount is equal to $15 million

And excess reserve = $2 million

So actual reserve amount = $15 - $2 = $13 million

Reserve ratio is equal to the ratio of reserve amount and deposited amount

So reserve ratio \frac{13}{110}=0.1181 = 11.81%

So reserve ratio will be equal to 11.81 %

You might be interested in
You are selling friendship bracelets online and you give very clear instructions to the ISP about how to post the listing and ph
Anastasy [175]

Answer:

what is the question??

Explanation:

8 0
2 years ago
Which of the following statements concerning general ledger accounts is true? The general ledger accounts are the only source of
umka2103 [35]

Answer: The general ledger accounts do not provide the accounting information that managers of job order cost operations need to plan and control production activities.

Explanation:

A general ledger account is an account that is used in an organization to sort and summarize the transactions of an organization. These form of accounts are arranged in a general ledger and the balance sheet will have to appear first which is then followed by income statement.

It is also used to record every journal transactions that has taken place in order to prepare trial balance. General ledger accounts don't accounting information to the job order cost operations need to plan and control production activities due to the fact that costing had to do with several costs.

6 0
3 years ago
A restaurant certificate is an example of a(n)<br> O aptitude<br> O license<br> O inspection
kherson [118]

answer : may be license..........

8 0
2 years ago
Read 2 more answers
Your firm is a U.K.-based importer of bicycles. You have placed an order with an italian firm for €1,000,000 worth of bicycles.
dolphi86 [110]

Answer:

A. €1,244,212.10

Explanation:

Contract Size Country U.S. $ equiv. Currency per U.S. $

£ 10,000 Britain (pound) $ 1.9600 £ 0.5102 interest APR

12 months forward $ 2.0000 £ 0.5000 rates

€ 10,000 Euro $ 1.5600 € 0.6410 i$ = 1 %

12 months forward $ 1.6000 € 0.6250 i€ = 2 %

SFr. 10,000 Swiss franc $ 0.9200 SFr. 1.0870 i£ = 3 %

12 months forward $ 1.0000 SFr. 1.0000 iSFr. = 4 %

4 0
3 years ago
Which explains a role of the Bureau of Consumer Protection?
vesna_86 [32]

Answder:

The answer is 4. it works to educate consumers about their rights.

Explanation:

Bureau of consumer protection educates the consumers about their rights and responsibilities. Also, it educates customers on the health and safety standards that every business smust adhere to.

This greatly increases the chances of consumers to not fall into malpractices of certain businesses.

6 0
2 years ago
Read 2 more answers
Other questions:
  • Type the correct answer in the box. Spell all words correctly.
    7·1 answer
  • Cabell Products is a division of a major corporation. Last year the division had total sales of $25,320,000, net operating incom
    11·1 answer
  • Apex corporation surveys its consumers to determine how they view the similarities and dissimilarities among relevant product at
    7·1 answer
  • Experts in operations management for service industry type businesses stress:
    5·1 answer
  • What does the E in the personality type abreviations stand for
    5·1 answer
  • In the state of Florida if you're convicted of reckless driving you'll be assessed how many points
    8·2 answers
  • How are SAE programs expanded and/or diversified?
    13·1 answer
  • Consider the graphic in your text that shows four quadrants for value-creating diversification strategies based on operational a
    8·1 answer
  • Do you think the Slushiest From the movie home is copyrighted by the Back to the future delorian. And doesnt the tesla cybertruc
    13·2 answers
  • Joshua controls all the pay​ rates, raises, and bonuses in your department. He is also able to assign you to an interesting work
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!