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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.

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Explanation:

The friend is not the current owner of the land, but he will be if he forecloses the property. The friend received the deed for security purposes, but the ownership was not transferred. This deed can be treated as a mortgage and the friend (creditor) needs to foreclose it thorough a judicial actions before being able to sell it to a third party.

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3 years ago
Unipeg Corporation has uniform high sales targets for its employees all across the globe, regardless of the environmental constr
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3 years ago
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7 0
4 years ago
A company estimates its sales at 200,000 units in the first quarter and that sales will increase by 20,000 units each quarter ov
WARRIOR [948]

Answer:

The correct answer is A.

Explanation:

Giving the following information:

A company estimates its sales at 200,000 units in the first quarter and that sales will increase by 20,000 units each quarter over the year.

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3 years ago
Read 2 more answers
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