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
lesantik [10]
3 years ago
14

Typically banks rely on other banks to lend reserves to one another. Which interest rate do they charge for these loans

Business
1 answer:
soldier1979 [14.2K]3 years ago
5 0

Answer:

Federal funds rate

Explanation:

federal funds rate is simply known as the interest rate at which depository financial institutions borrows(lends) funds maintained at the federal reserve to other depository financial institutions usually or Maybe overnight.

It is simply the interest rate that one bank charges another for borrowing money overnight. Its importance is to help banks meet their reserve requirements and prevent bank failure and also may be use to stimulate the economy.

You might be interested in
Which of the following payments types require you to pay upfront
Talja [164]
Money orders and pre-paid cards. 
6 0
3 years ago
Mary’s hourly wage is twice that of John’s. John’s and Dennis’ hourly wages together total $60. If Dennis earns 1/3 of John’s ra
kolezko [41]

Answer: $90

Explanation: This problem can be solved by using following equation :-

Let John's hourly wage rate be J, Mary's hourly wage rate be M and Dennis hourly wage rate be D, therefore :-

Mary's rate will be :-

M = 2J............equation 1

AND,

J + D = $60 ..... equation 2

Similarly,

D = 1/3J

Now,putting the value of D in equation 2 we get,

J + 1/3J = $60

J  = $45

Putting the values of J in equation equation 1 we get,

M = 2 * $45

   = $90

So, Mary's hourly wage rate is $90

3 0
3 years ago
Between 1986 and 1998 the De Beers company controlled the world diamond market. De Beers and its affiliated association of produ
Kruka [31]

Answer:

The correct answer is option A.

Explanation:

The association of De Beers and its affiliated producers is a cartel.

A cartel is formed by the producers in an oligopoly market, in order to protect their interests and earn higher profits. Forming a cartel is generally not legal in many countries. Cartels can be formed both formally and informally.

Members of a cartel can fix a higher price to earn more profit.

4 0
3 years ago
Which of the following statements about the income statement is false? a. The single-step format groups all income items togethe
Sophie [7]

Answer:

The statement which is false is D) .

Explanation:

Income statement helps in assessing the current and past performance of the company, it also helps in predicting the future performance and in assessing the risk present in future in obtaining cash flows. Income statement are prepared through two methods either single step format ( which is used by sole proprietor and partnership firms ) or multi step format ( used by corporations ) .

In the single step format , all the income items are group together and are subtracted from the total cost, while in multi step format , a company breaks all the sources from where the revenues and cost have come, it is used to take out various measures like gross profit, operating profit etc.

A common size statement is one of the type of income statement where each account item is represented as a percentage of total sales value.

Option D is false because discounted operations and extraordinary transactions appear on both the single step and multi step format , these transactions are written as written as footnote below the statement.

5 0
3 years ago
Which of the following best describes how auto insurance companies manage risk
vfiekz [6]
<span>Which of the following best describes how auto insurance companies manage risk? Auto insurance companies will charge rates based on what they think is appropriate in regards to how likely you are to file a claim. They take into account many factors that will relate to filing a claim in the future and what you have done in the past. By evaluating these, they are determining the risk and how to manage it. </span>
6 0
3 years ago
Other questions:
  • At the present time, Perpetualcold Refrigeration Company (PRC) has 10-year noncallable bonds with a face value of $1,000 that ar
    5·1 answer
  • Maya company manufactures a product which sells for $20 each. each unit of product has a variable cost of $5 to manufacture. fix
    11·1 answer
  • One of the causes of the financial crisis of 2008 was the connectedness of financial institutions, where financial assets for on
    12·1 answer
  • taxpayer filed his income tax return after the due date but neglected to file an extension form. The return indicated a tax liab
    10·1 answer
  • SWOT analysis is a framework for analyzing the internal and external environment of a company. It consists of strengths, weaknes
    10·1 answer
  • Under the previous​ CEO, Konica/Minolta's management determined it was time to invest in​ __________ by offering new products to
    15·1 answer
  • Expenses that support the overall operations of a business and include the expenses relating to accounting, human resource manag
    7·1 answer
  • Which of the following is likely to happen when a new business opens in a community?
    8·1 answer
  • A company expects profits of $40,000 per year for 3 years. If the profits will be continuously invested in an account bearing 5.
    12·1 answer
  • At the __________ stage of transforming raw materials into finished goods, managers typically use __________ control methods to
    12·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!