1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
serious [3.7K]
3 years ago
12

Suppose the total deposits in the Last Bank of Commerce are $100,000, and $20,000 of the total deposit is set aside as reserves

required by the Federal Reserve. Based on this information, the required reserve ratio is:
A. 20
B. $20,000
C.30
D.10
Business
1 answer:
Rudiy273 years ago
4 0

Answer:

A. 20

Explanation:

The reserve ratio= Reserve required / Total deposit × 100

= $20,000 / $100,000 * 100

= 1 / 5 *100

= 100 / 5

= 20%

The answer is A. 20

The reserve ratio also known as cash reserve is the portion of deposits that commercial banks must withhold or keep rather than lend out or invest as directed by the central bank of a country.

You might be interested in
Anna is a forensic scientist who still uses the methods used by Dr. Leone Lattes. How is this MOST likely demonstrated in Anna’s
Nikolay [14]
A is the answer took the test
4 0
3 years ago
In the late 1970s Federal Reserve Chairman Paul Volcker contracted the money supply to reduce the rate of inflation. One result
xxTIMURxx [149]

Answer: to increase interest rates which reduced aggregate demand.

Explanation:

Since the money supply was contracted to reduce the rate of inflation, this will lead to increase interest rates which reduced aggregate demand.

In this case as a result of the increase in the interest rate, people will prefer to save their money in the banks and thus will result in less money in circulation which ultimately reduces the demand for goods and services.

8 0
2 years ago
Abramov Inc. uses a job-order costing system in which any underapplied or overapplied overhead is closed to cost of goods sold a
brilliants [131]

Answer:

Option c is correct

$245,680

Explanation:

The total manufacturing cost = $737,040.

Units produced = 22,200

Cost per unit before adjustment for absorbed overhead=

=$737,040./22,200 units

=$33.2 per unit

Cost of goods sold before adjustment for overheads

= (cost per unit × units sold)

= $33.2 × 7,400

= $245,680

3 0
3 years ago
Read 2 more answers
national savings is equal to the sum of private savings and public savings. to make our notation a bit easier, we will call nati
slamgirl [31]

Here, public savings = $1.05 billion and private savings = $3.15 billion

It is calculated as follows:

Total savings, S = $4.20 billion

We know: S = V+U

It means National Savings = Private savings + Public savings

Here:

V = private savings , U = public savings and

Private saving, V = 0.75 × S

 = 0.75 × $4.20 billion

 = $3.15 billion

And, the public savings will be = National savings - private savings

= $4.20 billion - $3.15 billion

= $1.05 billion

To know more about savings here:

brainly.com/question/10749354

#SPJ4

3 0
2 years ago
On October 1, Black Company receives a 10% interest-bearing note from Reese Company to settle a $22,200 account receivable. The
lorasvet [3.4K]

Answer:

$555

Explanation:

The computation of the interest revenue is shown below:

= Account receivable  × rate of interest × number of months ÷ (total number of months in a year)

= $22,200 × 10% × (3 months ÷ 12 months)

= $2,220 × (3 months ÷ 12 months)

= $555

The three month is calculated from October 1 to December 31. The six month period of note is ignored

4 0
3 years ago
Other questions:
  • Michael has written an e-mail to his employees that describes a new product special that will be introduced to the
    6·2 answers
  • Lycan, Inc., has 8.8 percent coupon bonds on the market that have 7 years left to maturity. The bonds make annual payments and h
    9·1 answer
  • An insurance company receives an application with some information missing and issues the policy anyway. What is this called?
    10·1 answer
  • A fundamental analysis is reviewing a corporation's income statement. For the period, the company reported net sales of $10 mill
    6·1 answer
  • Agent Daisy agrees to a 5% commission to list a home at $330,000. The property is sold through another cooperating brokerage wit
    11·1 answer
  • Bob's electronics company has quite a buzz around a new television they're launching, called UltraView1000. This television is e
    10·1 answer
  • Sankey. Inc., has current assets of $5,125. net fixed assets of $25,600, current liabilities of $4,500, and long-term debt of $9
    15·1 answer
  • What is a DBA name, and when does a company need one?
    15·1 answer
  • A project has several teams. Team C has repeatedly missed deadlines in the past. This has caused team D to have to crash the cri
    11·1 answer
  • If the quantity of real domestic output demanded increased by $1,000 at each price level, the new equilibrium price level and qu
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!