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Anon25 [30]
3 years ago
9

A bank has ​$200 comma 000 of checkable deposits and a required reserve ratio of 5 percent. The bank currently holds ​$190 comma

000 in reserves. How much of these reserves are excess​ reserves?
Business
1 answer:
tangare [24]3 years ago
7 0

Answer:

$180,000

Explanation:

Reserves is the total amount of a bank's deposit that is not given out as loans

There are two types of reserves

  1. required reserves
  2. excess reserves

Required reserves is the percentage of deposits required of banks to keep as reserves by the central bank

Required reserves = reserve requirement x deposits

0.05 x $200,000 = $10,000

Excess reserves is the difference between reserves and required reserves

$190,000 - 10,000 = $180,000

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gregori [183]

Answer: 13.87%

Explanation:

Effective interest rate is calculated by the formula:

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3 0
3 years ago
It is estimated that firms lose ___________ annually in productivity, absenteeism, and employee turnover due to caring for aging
Sergeu [11.5K]

Answer:

$11 billion annually.

Explanation:

Firms carried out assessments based on their daily activities as well as employee assessment.

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It is estimated that firms lose $11 billion annually in productivity, absenteeism, and employee turnover due to caring for aging parents.

7 0
4 years ago
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3 years ago
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Kryger [21]

Answer:

Paired Comparison

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