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11111nata11111 [884]
3 years ago
12

Suppose the reserve requirement is 5​%. What is the effect on total checkable deposits in the economy if bank reserves increase

by ​$50 ​billion? A. ​$250 billion increase B. ​$10 billion increase C. ​$50 billion increase D. ​$1 comma 000 billion increase
Business
1 answer:
madam [21]3 years ago
5 0

Answer:

D. ​$1 comma 000 billion increase

Explanation:

The reserve requirement ratio determines the total amount of checkable deposits a bank must keep.

In this case the reserve ratio it's 5%, which means that the total amount of deposits cannot exceed an amount equal to 20 times its reserves.  

If the reserves increase by $50 billion then $50/0,05 = 1.000 billion increase.

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Company XYZ is looking for a Finance/Accounting intern. The student filling this position will handle a wide range of important
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Answer:

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3 years ago
When a company uses computer software to extract large amounts of data from social media platforms, it is using ______
Citrus2011 [14]
The answer is web scraping
5 0
3 years ago
What is the difference between being overstaffed and overhired
sp2606 [1]
Overstaffed is "having more members of staff than are necessary" and overhired is "hiring too many employees".
6 0
3 years ago
Parent Inc. purchased 30% of the common stock of Affiliate Co. on January 1, YR01 for $5,000 and appropriately accounted for thi
blondinia [14]

Answer:

net cash from investing activities = -$4,940

operating and financing activities are not affected.

Explanation:

the journal entries should be:

January 1, socks purchased

Dr Investment in Affiliate 5,000

    <u>Cr Cash 5,000</u>

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<u>Dr Cash 60</u>

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4 0
3 years ago
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