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Fed [463]
3 years ago
15

A commercial bank has excess reserves of $5000 and a required reserve ratio of 20 percent. it makes a loan of $6000 to a borrowe

r. the borrower writes a check for $6000 that is deposited in another commercial bank. after the check clears, the first bank will be short of reserves in the amount of:
Business
2 answers:
diamong [38]3 years ago
5 0

Answer:

The first bank will be short of reserves in the amount of $1,000

Explanation:

According to the given data, we have the following:

bank excess reserves=$5,000

reserve ratio=20%

Total Reserve= $5000+(20%*$5,000)= $6,000

Therefore, to calculate the reserve shortage we would have to make the following calculation:

reserve shortage=$6,000 - $5,000 = $1,000

The first bank will be short of reserves in the amount of $1,000

irinina [24]3 years ago
5 0

Answer:

$1,000

Explanation:

To this calculation, we can use the following method

The bank has excess reserve of = $5,000

Loan been made to a borrower = $6,000

The amount that it will be short of it reserve is = Loan been made to a borrower - The bank has excess reserve

= $6,000 - $5,000

= $1,000

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Paul began his speech as follows: They called Lou Gehrig the iron horse. The tireless worker played an astounding 2,130 consecut
Tatiana [17]

Answer:

relating the topic to the audience

Explanation:

Based on the scenario being described within the question it can be said that to gain attention and interest Paul related the topic to the audience. Paul did this by comparing Lou Gehrig to the audiences daily lives at school. By doing this it is catching the audiences attention which in term causes them to be interested in the rest of the speech that Paul is giving.

7 0
3 years ago
On June 1 of the current tax year Elisha and Ezra (who are equal partners) contribute property to form the Double E Partnership.
Helga [31]

Solution:

The relationship is called the deal to run the company by adding money, by distributing the business risk, etc. We share profit and loss from their relationship and the net profit is the partner's profits.

Calculating the basis of partners

Elisa's basis in partnership :

Particulars                                                         Amount $

Cash contribution                                                  200,000

Add:  

Share of the liability on the contributed land   70,000

Share of the construction debt                           10,000

Share of the accounts payable debt                     4,100

Share of partnerships taxable income                    15,000

Hence, Elisha's basis in the partnership on December 30. $299,100

Ezra's basis in partnership

Particular                                                             Amount $

Land and building                                                     340,000

Less: Debt assumed by the partnership             140,000

Add:  

Share of liability on contributed land                      70,000

Share of construction debt                                      10,000

Share of accounts payable debt                               4,100

Share of partnerships taxable income                      15,000

Ezra's basis in partnership on December 30. $299,100

8 0
3 years ago
Courts can enforce...<br><br> A. Defense <br> B. LLC<br> C. Contracts<br> D. Partnership
Anni [7]
LLC i think that’s the answer
7 0
3 years ago
A.
Bad White [126]

Answer:

D

Explanation:

Took the test on ed

8 0
3 years ago
Read 2 more answers
Where are endnotes positioned in a document?
m_a_m_a [10]
Endnotes are usually positioned AT THE END OF A DOCUMENT. The purpose of endnote is to reference the citations you used in your document. Endnotes supplement the information you have given in the body of the document but which would be inappropriate if they are included in the main text.
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3 years ago
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