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Pavel [41]
3 years ago
11

A bank has $8,000 in deposits and $6,000 in loans. It has loaned out all it can given the reserve requirement. It follows that t

he reserve requirement is a. 2.5 percent. b. 33.3 percent. c. 25 percent. d. 75 percent.
Business
1 answer:
Wittaler [7]3 years ago
7 0

Answer:

c. 25 percent.

Explanation:

The computation of the reserve requirement percentage is shown below:

Given that

Deposits made = $8,000

Loans = $6,000

So the required reserve is

= deposits made - loans

= $8,000 - $6,000

= $2,000

Now the required reserve is

= $2,000 ÷ $8,000

= 25%

Hence, the correct option is c. 25 percent

We simply applied the above formula so that the correct value could come

And, the same is to be considered  

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That statement is true.
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Madison Corporation sells three products (M, N, and O) in the following mix: 3:1:2. Unit price and cost data are: M N O Unit sal
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Answer:

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Explanation:

a) Data and Calculations:

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An agent receives an offer of $350,000 on a property that she has listed for $355,000. When she is about to present the offer to
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Answer:

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Answer:

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