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wel
2 years ago
8

Let’s suppose that a bank has $600 million in total deposits. This bank is subject to a 20% required reserve ratio and has $100

million in reserves. Which of the following statements is correct?
Choose one:
A. The bank has insufficient reserves. It needs an additional $20 million to meet the reserve requirement.
B. The bank has no excess reserves.
C. The bank has insufficient reserves. It needs an additional $480 million to meet the reserve requirement.
D. The bank has $20 million in excess reserves.
E. The bank has $100 million in excess reserves.

Business
1 answer:
Ludmilka [50]2 years ago
3 0

Answer

The answer and procedures of the exercise are attached in the image.  

Explanation  

Please consider the data provided by the exercise. If you have any question please write me back. All the exercises are solved in a single sheet with the formulas indications.  

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Tenant Tomas and landlord Landis enter into a contract for Tomas to rent Landis's home for two years. Halfway through the lease,
CaHeK987 [17]

Answer:

Yes, with Landis' permission

Explanation:

Yes, with Landis' permission.

Any major modifications to a property leased must be done with the knowledge and permission of the landlord. In the case of Thomas(Tenant), the permission of Landis (Landlord) must be sought before Thomas can install the smart light and security system on the property.

8 0
3 years ago
Jordan deposits $100 into a savings account that pays him with a compound interest rate of 3%. Justin deposits $100 into an acco
ipn [44]

Answer:

Jordan

Explanation:

Given that :

JORDAN :

Principal (P) = $100

Compound interest rate (r) = 3%

AMOUNT AFTER 3 YEARS:

A = P(1 + r/n)^nt

n = number of times interest is applied per period

t = time ; A = final amount

A = 100(1 + 0.03)^3

A = 100(1.03)^3

A = 100(1.092727)

A = $109.2727

JUSTIN :

Principal = $100

SIMPLE INTEREST interest rate = 3%

A = P(1 + rt)

A = 100(1 +(0.03 * 3))

A = 100(1 + 0.09)

A = 100(1.09)

A = 1.09 * 100

A = final amount after 3 years = $109

4 0
3 years ago
Stock market crashes happen when the value of most of the stocks in the stock market increase at the same time.
melisa1 [442]

your answer would be true

8 0
3 years ago
8
Lelechka [254]

Based on the explanation below, the economic concept that is applied in this statement is positive externality.

<h3>Meaning of positive externality</h3>

Positive externality can be described as a situation whereby the production or consumption of a commodity benefits some unrelated third party.

When education is consumed, for example, the consumer receives a private benefit, but there are also societal benefits.

Learn more about externalities here: brainly.com/question/14259859.

#SPJ1

5 0
2 years ago
Larkspur, Inc. uses a periodic inventory system. Its records show the following for the month of May, in which 80 units were sol
Stella [2.4K]

Answer:

The average cost will be "$201". The further explanation is given below.

Explanation:

<u>At May 31,                              FIFO               LIFO                Average cost</u>

<u>The ending inventory </u>             $220               $180                    $201

Going to end Inventory Computation together under Quarterly inventory management system will be:  

At $11 = $220

  • FIFO = 20 Units

At $9 = $180

  • LIFO = 20 Units
  • Average Cost = 20 Units  

$10.06 = $201.2 i.e $201.

3 0
3 years ago
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