Answer:
ROA = 6.6%
ROE 14.52%
Explanation:
profit margin = net income / sale = 12%
assets turn over = sales / assets = 0.55
equity mutiplier = assets / equity = 2.2
ROE = return on equity = net income / equity
ROA = return on equity = net income / assets
we use the fraction properties to get ROE and ROA

ROA = 6.6%
We apply the same property to get ROE

ROE = 14.52%
Answer:
b. Barter exchange
Explanation:
Barter Exchange is a system in which participants exchange good / service with other goods / service. e.g Someone exchanges 40 kg of rice with a 50 kg wheat. Before introduction any medium of exchange people use this system for trade and other buying purposes.
Answer:
D. If the prices of all goods and services changed proportionately over time, then the consumer price index would reflect no substitution bias.
According to the limits set by U.S Congress, the Fed may require a bank which has checkable deposits that is worth more than $125 million to maintain a reserve of <u>8% to 14%</u> of these deposits.
<h3>What is the Federal Reserve System?</h3>
The Federal Reserve System is also referred to as the "Fed" and it was enacted into law by the Federal Reserve Act on the 23rd of December, 1913 by the U.S Congress.
Also, it is important to note that the "Fed" is just like all central banks and as such, it's considered as a United States government agency.
Basically, all the money in the economy of the United States of America is essentially a debt of the Federal Reserve System and all the chartered banks.
According to the limits that were set by U.S Congress, the Federal Reserve System (Fed) may require a bank which has checkable deposits that is worth more than $125 million to maintain a reserve of <u>8% to 14%</u> of these deposits.
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