Answer:
.size of the financial institution
Explanation:
The reserve requirement is one of the monetary policies of the Fed used to increase or decrease the money supply in the economy. The Fed will require commercial banks a certain percentage of the cash deposits in their vaults as reserve. Through the reserves requirement, the Fed regulates the amount of money available to be loaned to firms and households.
The amount of reserve a bank is supposed to hold as reverse is dependent on its size. For example, small size banks whose transaction accounts are below 15.2 million are not required to hold reserve. Medium size banks that with transaction account that range from $15.2 million to $110.3 million are required to keep 3 percent of deposits as reserve. Large banks with transaction accounts above $110 million must hold 10 percent as reserve.
Answer:
Lewis is attending training to improve his Ethical skills.
Explanation:
Ethical Skills:
Those qualities or skills that make us ethical like honesty, integrity, responsibility, accountability etc. which are useful for the well being of a society and personal character.
- In this scenario, as Lewis is a sales representative but he is attending a training program to distinguish between personal expenses and business expenses as well as legal deductions for tax purpose. Because he wants to pay taxes to the states fairly and this behavior shows us a ethical skill.
- In your professional life, the personal expenses are those expenses which are not tax deductible like coming to office from home but business expenses are tax deductible like travelling for a business meeting.
Answer:
Original price= $23,158.58
Explanation:
Giving the following information:
The company purchased a credit plan at Buy Right. Their monthly payments are $1,000 for 2 years. Buy Right will charge 3.45% per year compounded monthly.
First, we need to calculate the final value, using the following formula:
FV= {A*[(1+i)^n-1]}/i
A= monthly pay= 1,000
i= 0.0345/12= 0.002875
n= 12*2= 24
FV= {1,000*[(1.002875^24) - 1]}/ 0.002875
FV= $24,810.48
Now, we can calculate the original price:
PV= FV/(1+i)^n
PV= 24,810.48/ (1.002875^24)
PV= $23,158.58
Answer:
Isuzu trooper the intended addressee please notify the best of
