Answer:
yes
Explanation:
me epic smarmy me smart yes
Answer:
1.22 years
Explanation:
The formula for calculating number of years:
FV / PV = (1 + r)^ n
FV = Future value
P = Present value
R = interest rate
N = number of years
at the first bank
$15700 / $5600 = (1.091)^n
2.80 = (1.091)^n
n = In 2.8 / In 1.091
to find n, take the IN of both sides
1.029619 / 0.08709 = 11.82 years
at the second bank
$15700 / $5600 = (1.091)^n
2.80 = (1.102)^n
n = n = In 2.8 / In 1.102
= 10.6 years
11.82 - 10.6 = 1.22 years
It is passed to the citizens. Inside the administration area, cost portion is utilized most normally to recover circuitous cost repayments from the government, through the making of a cost allotment design. And, for catching full cost of administration to charge different subsidizes inside the office to get repayment for the organization's general store.
Answer:
risk management is the correct answer.
Explanation:
Answer:
Excess reserve = $180 million
Explanation:
Required-reserve ratio: The minimum percentage that banks are required to keep as reserve is known as the required-reserve ratio. In this question, it is given as 10%. Multiply this ratio by the total deposit and you will get the required reserve in dollar amount.
Therefore the required reserve for this bank = 10% ×$200 million= $20 million
Excess reserve; Excess reserve is the balance of the total deposit over and above the required reserve. The bank can lend and create loan asset from this balance.
It is calculated as = Total deposit - Required reserve
So we apply this to our question
Excess reserve = $200 million - (10% × $200 million)
= 180 million
Excess reserve = $180 million
