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Radda [10]
3 years ago
5

Suppose that you deposit $2,000 in your bank and the required reserve ratio is 10 percent. The maximum loan your bank can made a

s a direct result of your deposit is Group of answer choices
Business
1 answer:
LuckyWell [14K]3 years ago
7 0

Answer:

the maximum loan could bank made as the direct result of the deposit is $1,800

Explanation:

The computation of the maximum loan could bank made as the direct result of the deposit is given below:

= Deposit amount × (1 - required reserve ratio)

= $2,000 × (1 - 0.10)

= $2,000 × 0.90

= $1,800

hence, the maximum loan could bank made as the direct result of the deposit is $1,800

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Carr Corp. declared a 7% stock dividend on its common stock. The dividend:
oksano4ka [1.4K]

Answer:

C) has no effect on Carr's earnings and profits for federal income tax purposes.

Explanation:

A stock dividend means that the corporation issues its existing shareholders more stock.

In essence, the corporation is merely diluting the proportional ownership interest of existing shares.

This has no effect on the corporation's earnings and profits for federal income tax purposes.

Therefore, the dividend has no effect on Carr's earnings and profits for federal income tax purposes.

4 0
3 years ago
Ethical conduct in the procurement process is particularly important to ensure fair and competitive in-theater acquisition effor
RideAnS [48]

Answer:

True

Explanation:

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3 0
3 years ago
What contributions can a career management program make to an organization that is forced to downsize its operations?
Mashcka [7]
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7 0
3 years ago
If you have credit cards that have a total credit limit of $5,000, and you have only $100 remaining before you reach your credit
lina2011 [118]

Answer: not at all

Explanation:

not enough information to advise “negative” or “positive”

7 0
3 years ago
Read 2 more answers
Flo enters into a contract with Global Shipping Ltd. to insure and ship a painting from France to the United States for a certai
Colt1911 [192]

Answer:

b. Allow the parties to rescind the contract

Explanation:

Flo enters into a contract with Global Shipping Ltd. to insure and ship a painting from France to the United States at a certain amount mentioned in the contract. However, Global Shipping Ltd. makes a mistake in calculating the costs. As a result, a contract price is equal to the amount that is $1,000 less than the true cost. Most likely, a court would allow the parties to rescind the contract.

Option b. is correct.

7 0
3 years ago
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