Answer:
The answer is "Option D".
Explanation:
Credit unions or financial institutions, among many others, have depository institutions. It provides customers with a reliable, stable but easy way of saving money or residences and businesses credits. The bank provides interest rates on deposits and uses that money to lend at rising interest rates.
Its main source of income for depositary entities is interest from loans. They build consumer deposits and facilitate economic development in households and businesses.
Answer:
$150 million
Explanation:
The reserve requirement is the amount of money required by the Fed for banks to keep as reserves.
If the reserve ratio is 25%, when the Fed buys securities of 200 million, the reserve would be 0.25 x 200 =$50 million
The amount that would be available for lending would be ($200 - $50) million = $150 million
Money supply would increase by a maximum of $150 million
I hope my answer helps you.
Answer:
c. $(5,000)
Explanation:
Calculation for the record of either gain/(loss)
In Case B
Book Value amount was $39,100
Fair Value amount was $34,100
Hence:
Using this formula
Gain/(loss)= Book Value-Fair Value
Let plug in the formula
Gain/(loss)=$39,100-$34,100
Loss=$5,000
Grand Forks would record a loss of $5,000 because the fair value which is the price the buyer is willing to buy the asset is lesser than than book value amount.
A repair order does have to be signed or verbally agreed on by the customer because they are agreeing to pay for the service that is completed by the repair shop. If the customer signs the paperwork agreeing that the work can be completed, they are also agreeing they will pay for the service. The customer will be held responsible of they do not pay.
