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DerKrebs [107]
3 years ago
5

Suppose a commercial bank has checkable deposits of $60,000 and the legal reserve ratio is 25 percent. If the bank's required an

d excess reserves are equal, then its actual reserves
Business
1 answer:
MAXImum [283]3 years ago
6 0

Answer: $30000

Explanation:

Based on the information given in the question, the required reserve will be:

= $60000 × 25%

= $15000

Since the bank's required and excess reserves are equal, then the excess reserve will be $15000.

Therefore, the actual reserves will be:

= Required reserve + Actual reserve

= $15000 + $15000

= $30000

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How will a new law mandating an increase in required levels of automobile insurance affect the equilibrium price and equilibrium
Degger [83]

Equilibrium price will fall; equilibrium quantity will fall.

What does Equilibrium price mean?

An Equilibrium price, also known as a market-clearing price, is the consumer cost assigned to some product or service such that supply and demand are equal, or close to equal.

The manufacturer or vendor can sell all the units they want to move and the customer can access all the units they want to buy.

What is Equilibrium quantity?

Equilibrium quantity is when there is no shortage or surplus of a product in the market.

Supply and demand intersect, meaning the amount of an item that consumers want to buy is equal to the amount being supplied by its producers.

Learn more about Equilibrium price and quantity here:

brainly.com/question/28182532

#SPJ4

4 0
11 months ago
On february 28th of 1986, _____________ starts her first solo world tour, starpeace, planning both u.s. and european dates. due
Monica [59]
Yoko Ono is the answer
5 0
3 years ago
Dave is a salaried employee who works in a gas station. He only earns from his job and has no other source of income. He gets a
Grace [21]

Answer:

In my opinion the most suitable answer is E. increase his sources of income to show a rise in his income after taxes

Explanation:

The reason is he could lower his expenses too, but for how long? Inflation is going to eat his salary away anyway possibly in 5 to 10 years so what Daventry ustock do is to create another source of income so that he is safe. Possibly through investing in income generating assets, real estate and possibly a side hustle! (A small time business)

6 0
3 years ago
You are considering a project with projected annual cash inflows of $32,200, $41,800, $22,900 for the next three years, respecti
mestny [16]

Answer:

The value of the project today is $75,866

Explanation:

Net present value is the Net value all cash inflows and outflows in present value term. All the cash flows are discounted using a required rate of return.

Years                                  1                    2                    3  

Cash Flows                   $32200         $41800          $22,900

Discount Factor 14%     0.8772           0.7695           0.6750

Present Values             $28,245.61    $32,163.74    $15,456.85

Net present value = $75,866.20

7 0
3 years ago
What is the incremental manufacturing cost incurred if the company increases production from 20,000 to 20,001 units? 2. What is
sergiy2304 [10]

Answer:Answer:

ik it is it is

Explanation:

ik it is is is Answer:

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Explanation:

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Explanation:

Answer:

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Explanation:

ik it is is is

4 0
2 years ago
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