1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
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%

You might be interested in
Pennsylvania Company supplied the following information:
V125BC [204]

Answer:

$12,620

Explanation:

Cost of Direct materials of Job 99 = $70 x 100 = $7,000

Cost of Direct labour of Job 99 = $5 x 100 = $5,000

Overhead Expenses of Job 99 = $62 x 10 = $620

Total job cost for Job 99 = 7000 + 5000 +620 = $12,620

6 0
3 years ago
_____________ helps companies tap into the massive volume of customer opinions expressed online. media mining text mining unstru
Sindrei [870]

Text mining helps companies tap into the massive volume of customer opinions expressed online.

<h3>What is text mining?</h3>

Similar to text analytics, text mining is the technique of extracting high-quality information from text. It is also known as text data mining. It entails "the automatic extraction of information from several written sources to create new, previously unknown information by computer."

The process of converting unstructured text into a structured format with the purpose of identifying significant patterns and fresh insights is known as text mining, also known as text data mining.

Natural language processing is used automatically in text mining to glean insightful information from unstructured material. Text mining automates the process of categorizing texts by sentiment, topic, and intent by converting data into knowledge that computers can comprehend.

To learn more about text mining visit:

brainly.com/question/28148157

#SPJ4

4 0
2 years ago
Assume that you are saving up for a trip around the world when you graduate in two years. If you can earn 6% on your investments
AURORKA [14]

Answer:

$12,015 approx.

Explanation:

To calculate present value of a future amount, the future amount is discounted at the rate of interest for the period of investment, which reveals present value as on today. The technique is referred to as discounting technique.

Suppose P denote the amount invested today, which when matured after period of two years yields $13500. Following formula is used for calculating the money invested:

A =\ P (1\ +\ \frac{R}{100}) ^{n}

wherein, A = Amount

              P = Principal

              R = Rate of interest

               n = number of years

13500 =\ P (1\ +\ \frac{6}{100}) ^{2}

13,500 = 1.1236 P

⇒ P = 12,015 Approx.

Thus, $12015 is required to be deposited today so as to yield $13,500 after 2 years compounded at 6% per annum rate of interest.

5 0
3 years ago
Read 2 more answers
As the number of securities in a portfolio is increased, what happens to the average portfolio standard deviation? a) It decreas
Assoli18 [71]

Answer:

c) It first decreases rapidly, then starts to decrease slowly as more securities are added.

Explanation:

In the case when the number of securities in a portfolio is rises so the standard deviation of the average portfolio would first reduced instantly and after then it begins reduced in slowly manner according to the number of securities added

Therefore the correct option is c.

Hence, all the other options are wrong

4 0
2 years ago
The group of accounting educators who offer their opinions about proposed FASB statements, after research has been done to deter
sasho [114]

Answer:

.D. the AAA.

Explanation:

The American Accounting Association (AAA) is a global accounting education, analysis and practice excellence organization. It is a voluntary group of people with a passion in research and education in accounting.

4 0
3 years ago
Other questions:
  • _____1. The price paid for the use of someone else’s property.
    6·1 answer
  • Claire wants to take out a small personal loan to renovate her kitchen. She borrows $3,000. Her loan has an annual compound inte
    14·2 answers
  • A mortgage can best be defined as?
    8·1 answer
  • Two firms examined the same capital budgeting project which had an IRR of 16%. One firm accepted the project but the other rejec
    13·1 answer
  • Loger's, a high-end apparel company in Bruslon, an Asian country, cuts back on production as consumers start turning to basic pr
    9·1 answer
  • The general ledger of Vance Corporation as of December 31, 2020, includes the following accounts: Copyrights $30,000 Deposits wi
    14·1 answer
  • the income effect of a price change refers to the impact of a change in a) income on the price of a good b) demand when the inco
    5·1 answer
  • Letitia borrowed $6,000 from her bank two years ago. The loan term is four years. Each year, she must repay the bank $1,500 in p
    12·1 answer
  • Imagine you have $30 to spend. You are thinking of buying new soccer shoes because yours
    10·1 answer
  • All of the following are examples of mixed economies EXCEPT
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!