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
kupik [55]
3 years ago
11

20. All banks are required to *

Business
1 answer:
saveliy_v [14]3 years ago
4 0

Answer:

B. maintain reserves

Explanation:

The Federal Reserve expects commercial banks to retain a percentage of customers' deposits in their custody at all times. The amount retained in custody is known as reserves. It means the banks cannot loan out that reserve amount. It should be kept in the bank's vaults or with the Federal Reserve.  

The reserve caters to the regular and unexpected withdrawals. The  Federal Reserve determines the percentage to be retained as reserves. The reserve requirement is also a monetary policy tool for the Federal Reserve.

You might be interested in
BK enterprises neither sold nor repurchased any shares of stock during the year. The firm had annual sales of $7202 depreciation
Studentka2010 [4]
Here’s the answer
Hope it helps

7 0
3 years ago
Pearsall Company's defined benefit pension plan had a PBO of $268,000 on January 1, 2021. During 2021, pension benefits paid wer
wlad13 [49]

Answer:

The correct answer is $339,480.

Explanation:

According to the scenario, the computation of the given data are as follows:

We can calculate the PBO at Dec.31 by using following formula:

PBO Dec.31 = PBO on Jan 1,2021 + Service cost + Interest - pension benefits paid

Where, Interest = 11 % × $268,000 = $29,480

By putting the value we get

PBO, Dec.31 = $268,000 + $85,000 + $29,480 - $43,000

= $339,480

8 0
4 years ago
A message sent by an HR manager asking all employees to submit details about overtime done in the previous quarter is an example
mr_godi [17]

Answer:

D) information or action

Explanation:

These are the options for the question

A) settlements to claims

B) recommendations

C) adjustments

D) information or action

E) references

Routine request can be regarded as a request for information, which is been contained in case files, indices,schedules as well as dockets that doesn't look for impounded as well as confidential and sealed information.

When sending a routine email

that give recognizion for a job that is well done, the following should be included;

✓rationale that state work important of the work.

✓closing statement which encourages continued excellence.

✓specific descriptionthat explain purpose of the message.

It should be noted that message sent by an HR manager asking all employees to submit details about overtime done in the previous quarter is an example of routine request information or action

4 0
3 years ago
A general partner is responsible for any debts of the partnership, regardless of whether he or she was directly involved in the
11Alexandr11 [23.1K]

Answer: Yes it is true that A general partner is responsible for any debts of the partnership, regardless of whether he or she was directly involved in the transaction that created the debt.

<u>Explanation:</u>

In the case of the general partnership, all the partners have unlimited liability and the same authority. Here the term unlimited liability means that they are personally responsible for the debts of the firm. It means their personal properties like their cars, houses, etc will also be taken into consideration for paying back the debts. So whether the partner was involved directly or not in any debt transaction he will be liable for it.

There is an equal distribution of authority in general partnership. So this type of partnership is possible only in the case of small organizations but not in case big concerns.

4 0
4 years ago
Opal deducted $2,560 of state income taxes on her tax return last year. this year she received a state income tax refund of $330
bazaltina [42]
 negative 45 to become what she wants to 
bra have a good day ill respond later


3 0
3 years ago
Other questions:
  • Tomate, Inc., a tomato ketchup manufacturing company, was producing at 75 percent of its production capacity, which was 500,000
    12·1 answer
  • Problem 3-38 (LO 3-2, LO 3-3)Isabel, a calendar-year taxpayer, uses the cash method of accounting for her sole proprietorship. I
    9·1 answer
  • Willie Company's retained earnings increased $20,000 during 2016. What was Willie's 2016 net income or loss given that Willie de
    11·2 answers
  • Two brands of​ water, natural water and mountain​ water, are close substitutes. if the price of mountain water​ decreases, the f
    9·1 answer
  • Tesla, a vehicle manufacturer, incurs the following costs. (1) Classify each cost as either a product or a period cost. If a pro
    14·1 answer
  • Giving brainliest for CORRECT awnser.
    15·1 answer
  • give an example of a fairly major purchasing decision you've made in your lifetime. how did you justify the purchase? How did yo
    6·2 answers
  • Milner Developers proposed an offer to Henry Wright,an independent contractor,offering to hire him for their next project.They o
    12·1 answer
  • Drew buys 100 shares of Balsamic Corporation for $23 per share. Over the next year, Balsamic pays four quarterly dividends of 50
    13·1 answer
  • How a company classifies its inventory depends on whether the firm is a merchan- diser or a manufacturer. In a merchandising com
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!