If the bank's reserves is $1000000, checking deposits be $3000000 and the required reserve ratio be 20% then the bank has excess reserves of $400000.
Given that bank's reserves is $1000000, checking deposits be $3000000 and the required reserve ratio be 20%.
Required reserve ratio is basically a percentage of deposits to be kept by the bank with them.
We are required to find the find the bank's reserve position.
Bank's reserves=$1000000.
Checking deposits=$3000000
Required reserve ratio=20%
Reserves required according to the checking deposits=3000000*20%
=$600000
Actual reserves=$1000000
Excess reserves=Actual reserves -Reserves required
Excess reserves=1000000-600000
Excess reserves=$400000
Hence if the bank's reserves is $1000000, checking deposits be $3000000 and the required reserve ratio be 20% then the bank has excess reserves of $400000.
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<span>If the form of a will is made orally, and written down by a witness, it is called </span>nuncupative (non-culpatory) - meaning oral or dictated; often limited to sailors or military personnel.
Answer:
D) none of the statements associated with this question are incorrect.
Explanation:
As the population rises, demand increases and the market demand curve shifts to the right.
As a greater fraction of the population becomes elderly, the fraction of the population needing medical services increases and the demand for medical services will tend to increase. The demand curve shifts to the right.
Changes in the composition of the population affect the demand for a product. For example, if the fraction of the elderly in a population increases, the demand for medical services also increases.
I hope my answer helps you
Answer:
d. wood
Explanation:
A Class C-item refers to items that have the lowest consumption value which is the lower 5% of the annual consumption value and it applies to the 50% of the total inventory items. Therefore based on this information and the information provided within the question it can be said that the class C item in this scenario would be wood.
Answer:
It will cost $31 for a meal of one burger, one shake, and one cola
Explanation:
Let
B = Burgers
S = shakes
C = cola
Now,
According to the question
3B + 7S + 1C = 120 .............(i)
and
4B + 10S + 1C = 164.50 .............(ii)
Subtracting (i) from (ii)
we get
B + 3S = 44.50
Multiplying the above equation with 2
we have
2B + 6S = 89 ................(iii)
also,
we ca write the equation (1) as
( B + 2B ) + ( 6S + S ) + C = 120
or
B + (2B + 6S) + S + C = 120
substituting the value from equation (iii)
we get
B + 89 + S + C = 120
or
B + S + C = 120 - 89
or
B + S + C = 31
Hence,
It will cost $31 for a meal of one burger, one shake, and one cola
