Answer:
a. <u>FALSE</u>
b. A contract cannot forbid the assignment of the right to receive <u>funds</u> . Assignments also cannot be restricted for the transfer of <u>real estate</u> , also called a restraint against <u>alienation</u> . A contract cannot prohibit the assignment of checks or promissory notes, also called <u>negotiable instruments</u> . The right to receive <u>damages</u> in a contract for the sale of <u>goods</u> also can be assigned, even if the contract forbids it.
Answer: $40,000
Explanation:
Hello. Your question was incomplete as it lacked the balance sheet in question. Luckily I found it and have now attached it.
The question states that the central bank has set a required reserve ratio of 10%. This means that 10% of the deposits at the bank are not to be touched so they cannot loan past 90% of the deposits.
The bank has only $60,000 remaining to loan out as they will not sell their securities.
So we will calculate how much they can loan out thus,
= 60,000 - (200,000 * 10%) to find out what amount cannot be touched
= 60,000 - 20,000
= $40,000
The maximum amount of additional loans the bank in Jamestown can undertake is $40,000.