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Archy [21]
3 years ago
14

The required reserve ratio is 0.05. If the Federal Reserve buys​ $1,000,000 worth of bonds from a bond dealer who has her accoun

t at Bank XYZ above and she deposits the entire​ $1,000,000 into a checking account at Bank​ XYZ, what will be the new required and excess reserves for this bank​ (assume no new loans are​ made)? (Remember that required reserves are found by applying the required reserve ratio to the amount of total checkable​ deposits.)

Business
1 answer:
Radda [10]3 years ago
5 0

Missing information:

total deposits in bank XYZ = $4,000,000

total reserves = $3,800,000

Answer:

the required reserve = $250,000

excess reserves = $4,550,000

Explanation:

required reserve ratio = 5%

the Fed buys $1,000,000 worth of bonds

the $1,000,000 are deposited entirely in bank XYZ

total checkable deposits will increase to $5,000,000

the required reserve = $5,000,000 x 5% = $250,000

excess reserves = total checkable deposits - total loans - required reserves = $5,000,000 - $200,000 - $250,000 = $4,550,000

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<h3>Mortgage liability </h3>

Mortgage liability limits the liability of potential third parties who were not involved when the mortgage was arranged. For example, if a mortgage is in arrears, the debtor has to pay the outstanding principal and interest, plus late payment and other charges.

<h3>What is mortgage asset or liabilities?</h3>

A current liability for

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1 year ago
roxy decides that she wants to set a financial goal of saving for an emergency fund. write about some of the ways roxy could mak
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The SMART goals fore Roxy will be illustrated as:

Specific: Roxy wants to start saving for an emergency fund.

Measurable - Roxy simply needs to measure the amount of money that she is getting every month and how much she uses for necessities.

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Realistic- Roxy's goal is what she could need in the future, she needs to think if this goal is something she needs for the future. Is this something that is realistic for her to do?

Timely - The goal should be timely. This is important for the accomplishment of the goal.

<h3>What is SMART?</h3>

The acronym S.M.A.R.T. provides guidelines for setting goals and objectives for better results in project management, employee performance management, and personal development, among other areas. George T. Doran first coined the phrase in the Management Review issue from November 1981.

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Creating a Personal Budget

The amount of money used for basic personal expenses such as housing, food, transportation, and taxes is called the cost of living. The cost of living for a city indicates how expensive or inexpensive it is to live there. Explore the cost of living for a few different cities.

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Part A

Roxy decides that she wants to set a financial goal of saving for an emergency fund. Write about some of the ways Roxy could make her financial goal a SMART goal.

Remember, a smart goal adheres to the SMART acronym:

Specific

Measurable

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3 0
1 year ago
Which of the following scenarios makes Tim liable for undue influence? a. He uses a false identity, borrows $10,000 from Kelly,
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