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i just got that question on a test
Answer:
d. sells Treasury bonds. The larger the reserve requirement, the larger the decrease will be.
Explanation:
If the Fed targets to decrease the money supply, it uses contractionary policies. These are policies that make it hard for banks to loan out money to firms and households. By selling treasury bonds to banks, the Fed reduces the money available to the banks to loan out. Banks pay for the treasury bonds using customer deposits, thereby draining the money available to be issued out as loans.
Increasing the size of the reserve requirement reduces the percentage of deposits available to be loaned out. Reserves are a percentage of customers deposits that the Fed requires banks to maintain in their custody at all times. Reserves cannot be issued out as loans. The larger the reserve requirements, the lesser the proportion of funds are available for credit purposes.
Answer:
1,417,000
Explanation:
$123000 of the December 31 receivables is to be subtracted from $1540000 of the related allowance for uncollectible accounts
= $1540000 - $123000
= $1,417,000.
The accounts receivable amount expected to be collected after adjustment is $1,417,000
Answer:
A. Stay the same
Explanation:
We need to compare the rate of price change and the rate of inflation.
Rate of price change = <u> $12 - $10</u> x 100
$10
=2/10 x 100
=0.2 x 100
=20%
inflation rate= <u>CPI year 2- CPI year</u> 1 x 100 %
CPI year 1
=180 -150 x 100
150
=30/150 x 100
=0.2 x 100
=20%
The price change are the inflation rate are the same.The real wages will stay the same
Answer:
Annual deposit = $1,661.497
Explanation:
This investment scheme been considered is known as sinking funds.
<em>A Sinking Fund involves saving a series of equal amount periodically invested at certain rate of interest to accumulate a target amount in the future.</em>
The amount to be deposited periodically can be determined as follows:
A= FV/ ((1+r)^(n) - 1)/n)
A- annual deposit, FV- future value - $12,500 r- 9%, n- 6
So we can apply this formula as follows:
A = 12,500/ (1.09^(6)-1)/0.09
A = $1,661.497
