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horrorfan [7]
3 years ago
15

Suppose a bank has $600 million in deposits and $30 million in required reserves, and it is holding no excess reserves. What is

the required reserve ratio
Business
1 answer:
Kruka [31]3 years ago
7 0

Answer:

5%

Explanation:

Deposit= $600 million

Required reserve= $30 million

Required reserve ratio= required Reserve/deposit

= 30 million/600 million

= 0.05×100

= 5%

Hence the required reserve ratio is 5%

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nasty-shy [4]

The benefit of the transcontinental railroad was that it ended many risks of traveling across the country.

<h3>Why was the transcontinental railroad created?</h3>

The American railroad, was created in 1869, with an important innovation through the connection between the coasts of the Atlantic and Pacific oceans, having as benefits the expansion of commercial and passenger transport routes in America.

Therefore, the transcontinental railroad was built using mechanized technology in the 19th century, increasing the safety and speed of travel.

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1 year ago
Porque alguien podría querer poner una "bandera Roja" en su propio informe crediticio?
castortr0y [4]

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I don't know what is meaning

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2 years ago
Identify two benefits of drawing up a business plan.
VashaNatasha [74]

Answer:

Here are four benefits of a business plan:

You can get outside funding. To get funding from lenders or investors, you need to show a business plan. ...

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You focus your strategies. ...

You can check the financial numbers.

Explanation:

5 0
2 years ago
When using ABC, costs can be gathered at different levels. These levels are all of the following except:_________.
Aleksandr [31]

Answer:

B. Journal entry-level

Explanation:

When using ABC, costs can be gathered at different levels. These levels are all of the following except "journal entry-level".

Therefore, costs can be gathered in Unit-level, Batch-level, Factory-level and even Product level.

Activity-Based Costing (ABC) is actually a costing method which tends to identify the activities that are carried out in organization and gives the costs of each activity to the products and services by what they actually consume.

3 0
3 years ago
Your birthday is next week and instead of other presents, your parents promised to give you $2,100 in cash. Since you have a par
Nat2105 [25]

Answer:

FV= $2,765.30

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Giving the following information:

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6 0
3 years ago
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