If the reserve ratio is 20% then the amount that a bank would keep in reserves after accepting the demand deposits is $2,000.
<h3>How much would the bank keep?</h3><h3 />
The reserve ratio refers to the percentage of deposits that banks have to keep as reserves in the Fed.
If this rate is 20%, the bank would therefore have to keep:
= 10,000 x 20%
= $2,000
In conclusion, the bank would keep $2,000.
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Reality of contract of an agreement is said to be present in a contract when there is genuineness.
When there is true meeting of minds or reality of agreements is the genuineness. Fraud charges are proven wrong only if they are in a written form of contract.
Be it spoken or act of conduct it cannot be stated as a fraud without any consent present information. They are not backed by fraud cloud, misrepresentation, undue influences and mistakes. It is definite and claim which is fairly straight forward in contracts. Reality emerges if the contract is fulfilled on time with due influence.
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They are manufactured in a mint
Answer:
c
Explanation:
Investment can be described as purchasing an asset with the aim of generating more income or earning capital appreciation.
Here, investment is in capital goods and human capital
Capital goods comprises infrastructure and production facilities
Human capital investment comprises attending college and spending on schools.
Economic growth theories submit that investment in capital goods and human capital increase the economic growth of an economy
Answer:
$700,000
Explanation:
As we know that
The income statement is the statement that records the income and the expenditure for a company
The expenses should be shown on debit side while the income or revenue is shown on the credit side
Since the total service revenue earned is $700,000 and the same is to be shown in the income statement as it records all the cash and credit sales or service revenue
Therefore, the total amount i.e $700,000 is reported on the income statement
