Try adding the first two numbers together then divide
Jill’s company pays $5000 a year for her health care costs. This is an example of a BENEFIT.
keeping it clean is important, do not leave your work tools out when you are finished put your stuff in its proper place
Answer:
If a bank has excess reserves of $7,000 and demand deposit liabilities of $100,000, and if the reserve requirement is 15%, then the bank has actual reserves of $22,000.
Explanation:
Total deposit = $100,000
Reserve requirement = 15% of the total deposit
Therefore, required reserves = 15% of $100,000
=15/100 * $15,000
= 0.15*$100,000
required reserves = $15,000
The excess reserves given in the question = $7,000
Total reserves = Required reserves + Excess reserves = $15,000 + $7,000 = $22,000
The right answer for the question that is being asked and shown above is that: " c. a legal reserve system. " When a bank keeps $12 from a $100 deposit as legal reserves, it is using <span>a legal reserve system.
The right answer for the question that is being asked and shown above is that: "</span>d. value." The Fed has defined different categories of money, M1 and M2, according to the money's <span>value.</span>
