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VladimirAG [237]
3 years ago
8

The basic purpose of imposing legal reserve requirements on commercial banks is to: A. Assure the liquidity of commercial banks

B. Provide a device through which the credit-creating activities of banks can be controlled C. Provide a proper ratio between earning and no earning bank assets D. Provide the central banks with necessary working capital
Business
1 answer:
Aliun [14]3 years ago
5 0

Answer:

Provide a device through which the credit-creating activities of banks can be controlled

Explanation:

The legal reserve requirement is the minimum amount mandated by Central banks for banks to have as their minimum reserves.

The legal reserve requirement is used by the government as a means to control the supply of money in the economy.

If the central bank wants to reduce money supply, it increases the legal reserve requirement and if it wants to increase money supply, it reduces the legal reserve requirement.

A high reserve requirement reduces the amount that banks can make available for loans.

I hope my answer helps you

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Crane Company makes and sells umbrellas. The company is in the process of preparing its Selling and Administrative Expense Budge
34kurt

Answer:

$22,050

Explanation:

The computation of the total budgeted variable selling and administrative expenses for October is shown below:

Sales Commission (9,000 × $0.60) $5,400  

Shipping (9,000 × $1.2) $10,800

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Other (9,000 × .35) $3,150

Budgeted Variable Selling and admin expenses $22,050

We simply added all the variable selling and admin expenses so that the total could arrive

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which of the following best completes the diagram? a. major credit card networks b. companies that handle the worldwide processi
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increase the quality of team problem solving

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In simple words, the ERG idea to develop a new dimension for more efficiency in the company is a clear evidence that the company and the team can now solve their problems more effectively.

The given case relates to the benefits of having diversity in the organisation with respect to culture, gender and age etc. It makes a more comfortable safe zone within where new ideas come everyday.  

4 0
4 years ago
Phishing is looking for and reporting online scams. true or false
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6 0
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2- 1200$

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7- 393.22$

the answer is seventh year
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