The quantity of the $1,000 deposit is the bank required to keep in reserves is 20%.
<h3>What is a reserve deposit?</h3>
A reservable deposit would be any bank deposit subject to bank reserves established by the Federal Reserve Bank of the United States.
Some key features of reserve deposit are-
- Through the mechanism of fractional reserve banking, such a deposit could be used in part as a loan.
- The remaining portion, as established by the Fed's bank reserves, must be kept by bank & made available for prompt withdrawal upon request.
- A reservable bank is a banks deposit that is subject to the reserve requirement guidelines of the Federal Reserve.
- Transaction (checking) savings account, savings accounts, as well as non-personal time deposits are all examples of reservable deposits.
- Sweep accounts, often known as money market funds, is non-reservable deposit account that generate a greater rate of interest than reservable deposit accounts.
To know more about the reservable deposit, here
brainly.com/question/13758092
#SPJ4
Answer:
Concurrent validation
Explantion:
Concurrent validation is employed to establish documented proof that a facility and process will function as they are intended, on the basis of information gotten during actual use of the process.
Concurrent validity is a type of proof that can be assembled to justify the use of a test for predicting other outcomes.
Answer:
B. - 5.71%
Explanation:
Given that
Purchase price = 1000 × 35 = 35000
Selling price = 1100 × 30 = 33000
Recall that
ROI = Net profit/total investment × 100
And that
Net profit = selling price - purchase price
= 33000 - 35000
= -2000
Therefore,
ROI = -2000/35000 × 100
= - 0.05714 × 100
= - 5.71 %
Thus, total return on investment is -5.71%
Answer:
D) March 31, 2014, for 125 shares and January 22, 2018, for 10 shares.
Explanation:
Since Andrew sold 125 shares on January 1, 2018 and then bought 135 shares on January 22, 2018, the wash-rule applies to 125 shares. That means that the holding period for 125 shares is March 31, 2014.
The remaining 10 shares' holding period starts on January 22, 2018.
Answer:
Material Purchased in the Period
Explanation:
The costs of goods sold, abbreviated as COGS, represents the direct costs incurred in manufacturing products meant for sale in a particular period. The direct cost includes material, labor, and overheads incurred in manufacturing or purchasing products sold in that period.
The formula for calculating COGS
COGS = opening inventory + purchases -ending inventory
Adding opening inventory and purchases results in the total quantity available for sale in the period.
