Answer:
$13.5 million
Explanation:
Fractional Banking System- This is banking system where banks are required by the central banking authority to keep a certain percentage of their total deposit as the minimum reserve which they cannot lend out.
The idea behind this requirement is to help manage liquidity risk- a situation where a bank does not have enough cash to meet its deposit customers demand.
Required-reserve ratio: The minimum percentage that banks are required to keep as reserve is known as the required-reserve ratio. In this question, it is given as 10%. Multiply this ratio by the total deposit and you will get the required reserve in dollar amount.
Therefore the required reserve for this bank = 10% ×$15 million= $1.5 million
Excess reserve; Excess reserve is the balance of the total deposit over and above the required reserve. The bank can lend and create loan asset from this balance.
It is calculated as = Total deposit - Required reserve
So we apply this to our question
Excess reserve = $15 million - (10% × $15 million)
= $15 million - $1.5 million
= $13.5 million
Answer:
Sound editer, rapper, Beat boxer,
Explanation:
Mark me brainiest
A production possibilities frontier (PPF) that is a straight-line sloping down from left to right would suggest that: the opportunity costs of the products are constant.
<h3>What is opportunity Cost?</h3>
Opportunity cost is an amount of money or satisfaction that an individual is willing to let go.
This is done in other to choose another product with more benefits that the previous one.
It is constant when the slope moves to the right side of the graph
Therefore, A production possibilities frontier (PPF) that is a straight-line sloping down from left to right would suggest that: the opportunity costs of the products are constant.
Learn more on opportunity Cost below
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Answer:
Universal Containers (UC)
Two approaches to solve the shipment records issue are:
a. Set Validation Rules. For example, a validation rule will specify that the postal address fields contain the required address data.
b. Use Validation Texts. For example, a validation text for the postal code will indicate that the wrong postal code has been used for a specific address and will ask for immediate correction before the shipment records are sent to the shipping department.
Explanation:
A Validation Rule is a field property in the Expression Builder. It is used to specify and define conditions that limit values that can be entered in a particular field. Validation rules are usually reinforced with the use of Validation Texts, which are messages that are displayed when the data entered in the data fields do not conform to the validation rule or when the validation rule is violated.
Answer:
The cost of equity capital is 9.26%
Explanation:
Using the DCF approach we usually calculate the price of stock or fair value of stock at a certain period in time based on the dividends the company is expected to pay. If the price today is provided then we can calculate the missing figure if any when other variables are provided.
The formula for DCF with constant growth model is,
P0 = D0*(1+g) / r - g
Where r is the required rate of return.
26 = 0.8*(1+0.06) / r - 0.06
26 * (r-0.06) = 0.848
26r - 1.56 = 0.848
26r = 0.848 + 1.56
r = 2.408 / 26
r = 0.0926 or 9.26%
