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
dexar [7]
3 years ago
9

The Megabux National Bank currently has deposits of $200 million. If the Fed establishes a reserve requirement of 12 percent, Me

gabux National must hold reserves of _______ against its deposits.A. $12 million B. $24 million C. $176 million D. $200 million
Business
1 answer:
scoundrel [369]3 years ago
5 0

Answer:

Option (B) is correct.

Explanation:

Given that,

Megabux National Bank currently has deposits = $200 million

Fed establishes a reserve requirement = 12 percent

Therefore,

Reserves must be hold by the Megabux national bank against its deposits:

= Amount of Deposits × Required reserve ratio

= $200 million × 12 percent

= $200 million × 0.12

= $24 million

You might be interested in
Which of the following events would unambiguously cause a decrease in the equilibrium price of cotton shirts? a. a decrease in t
ella [17]

Answer:

a. a decrease in the price of wool shirts and a decrease in the price of raw cotton

Explanation:

A decrease in the price of wool shirts would lead to an increase in demand for wool shirts and a decrease in demand for cotton shirt. Cotton and wool shirts are substitutes goods. Price would fall and quantity would fall. A decrease in the price of raw cotton would increase production of cotton shirts and the supply of shirts would increase. This would lead to a rightward shift in the supply curve. Quantity would increase and price would fall. The combined effect of this would lead to an unambiguous decrease in price.

I hope my answer helps you

3 0
2 years ago
The factor that has the greatest impact on your credit score is
zaharov [31]
A i just took the test its correct
6 0
3 years ago
2. Working with Numbers and Graphs Q2 Kevin is a baseball player who earns $800,000 per year playing for team X. If he weren't p
ddd [48]

Answer:

The economic profit will be of 80,000 as We have to discount the opportunity cost, which is the best alternative to each factor. In this case Kevins potential wages if not playing for team X would be team Y which is 720,000 therefore the economic gain for playing in team X is 80,000

Explanation:

4 0
3 years ago
on holiday weekends thousands of people picnic in state parks. some picnic areas become so overcrowded the benefit or value of p
tekilochka [14]

Answer:

a. tragedy of the commons

Explanation:

Based on the scenario being described within the question it can be said that the fee system corrects a problem known as the tragedy of the commons. This term describes a specific situation in a shared-resource system in which individuals go against the common good by depleting the shared resources through their collective actions in order to benefit their own self-interests.

8 0
2 years ago
Read 2 more answers
Why was agricultural sector declared as critical industry and exempt from the hardest lockdown regulations
Neko [114]

Answer:

Kindly check explanation

Explanation:

Food production and consumption is critical and key to survival, no matter an established and generally accepted number of daily square meal of 3 is widely adopted. This gives a clue tgta, no matter a country's problem or issues they face, aspects which concerns food and generally agriculture would be treated preferentially. Following the outbreak and severe spread of the deadly virus, it became imperative that affected nations introduced critical measures to try and curtail its spread, stringent measures include ; restriction of movement, strict emphasis on social distancing, hence, the need to reduce the number of people on a particular site or work area, travel restrictions, among others. This restrictions had s here effect on the agriculture and the food supply chain and its effect was quickly very noticeable as people would eventually die of hunger if nothing was done. This prompted government to introduce exemptions and preference afforded to the agricultural sector ; such as keppibg trade channels open in other to facilitate food distribution, timely observation and monitoring of food crisis among others.

4 0
3 years ago
Other questions:
  • Joshua is paid the minimum hourly rate for his work as a lifeguard. joshua's compensation is called a ________.
    10·1 answer
  • We run a delivery service, and we believe our firm has market risk equally between that of UPS and FedEx. We know the following
    11·1 answer
  • Critics of the National Income and Product Accounts (NIPA) argue that the accounts are outdated and fail to account for "intangi
    10·1 answer
  • Your company currently has par, coupon bonds with 10 years to maturity and a price of . If you want to issue new 10-year coupon
    13·1 answer
  • Alex repairs cars and always needs mufflers. What kind of person does he need to constantly supply him with mufflers?
    8·2 answers
  • You have been given the following information for Corky’s Bedding Corp.: Net sales = $12,250,000. Cost of goods sold = $8,900,00
    7·1 answer
  • The cost to produce the goods or services sold for a given period is referred to as
    12·1 answer
  • Quincy lives on pretzels and seafood salads. The price of pretzels is 1 dollar per bag and the price of seafood salads is 2 doll
    7·1 answer
  • What should you do if a package is stolen from your doorstep?
    13·2 answers
  • What is the difference between product value and unique selling proposition?​
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!