1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
patriot [66]
2 years ago
10

If the reserve requirement was 13% and a bank customer makes a deposit of $440 at the Springfield Bank, the initial result would

be: Group of answer choices
Business
1 answer:
NARA [144]2 years ago
6 0

Answer:

O a $382.8 increase in excess reserves and a $57.2 increase in required reserves.

Explanation:

Here is the complete question :

If the reserve requirement was 13% and a bank customer makes a deposit of $440 at the Springfield Bank, the initial result would be:

O a $57.2 increase in excess reserves and a $382.8 increase in required reserves.

O a $382.8 increase in excess reserves and a $57.2 increase in required reserves.

O a $57.2 increase in required reserves and a $2,944.6 increase in excess reserves.

O a $440 increase in required reserves and a $2.944.6 increase in excess reserves.

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 reserve
  2. Excess reserve

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

Required reserves = reserve requirement x deposits

0.13 x $440 =  $57.20

Excess reserves is the difference between reserves and required reserves

$440 - $57.20 = $382.80

You might be interested in
Sam, a third-grader, really likes to look for interesting bugs with other people during recess. Each of Sam's friends offers to
andre [41]

Answer: 1. No.

2. Yes.

Explanation:

Price Discrimination is a pricing strategy where suppliers/producers or sellers sell a good to different people at different prices depending largely on their preference and/or capacity to pay for the commodity i.e, if you want it more, you are charged more.

1. Johnny did not like to play Hopscotch, so offering Suzie one day of Hopscotch for two days of bug hunting is fair and no price discrimination occured as he did not offer these terms to someone else who's game he did not like.

2. Sam knew that Johnny really liked playing Slaps so he leveraged on that and offered him more expensive terms so to speak than he did to Bill even though he liked playing the both games equally. This means that he charged Johnny more than Bill simply because Johnny liked and preferred his game alot which is Price discrimination.

4 0
3 years ago
22. In which one of the following sentences does the subject come after the verb? A. On the next street, youll ind the shoe shop
Lady bird [3.3K]
B is the correct answer
3 0
3 years ago
On average, companies that create plans have larger profits and grow much faster than companies that don't. true false
Murrr4er [49]
False - because not every business plans work
3 0
3 years ago
Payment is only part of total compensation.
postnew [5]
That is true, hope that helps !
6 0
3 years ago
At the end of the systems implementation phase, the final report to management should include ____.
Nataly_w [17]
As far as I remember, at the end of the systems implementation phase, the final report to management should include these elements:

1. <span>a comparison of actual costs and schedules to the original estimates;

2. </span>final versions of all system documentation;

3. <span>planned modifications and enhancements to the system that have been identified;

It's necessary thing in system analysis.</span>
3 0
3 years ago
Other questions:
  • If you buy a home that costs $100,000, it is currently worth $200,000, and you still owe $50,000 on it, how much equity do you h
    8·1 answer
  • Selected data from a February payroll register for Coronado Company are presented below. Some amounts are intentionally omitted.
    7·1 answer
  • The income effect of a price change predicts that a _____ in a good's price will _____ consumer purchasing power, leading to a(n
    12·1 answer
  • What does it mean to “diversify” your portfolio?
    6·1 answer
  • Which idea forms the basis of double-entry accounting?
    9·1 answer
  • Catrina Santana contributed a patent, accounts receivable, and $23,000 cash to a partnership. The patent had a book value of $8,
    5·1 answer
  • Using the GLOBE study results and other supporting data, determine what Japanese managers believe about their subordinates. How
    13·1 answer
  • What role does a fast-food corporation play when it agrees to franchise its business?
    12·1 answer
  • Have you ever bought an item you didn't plan to? If yes, why do you think that happened?​
    12·2 answers
  • List the five elements of a firm's macroenvironment, and illustrate how each element affects the firm.
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!