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
Oksanka [162]
2 years ago
7

If a bank has $500 million of checkable deposits, a required reserve ratio of 15%, and it holds $126 million reserves, then the

maximum deposit outflow it can sustain without running into reserve deficiency is Group of answer choices $20 million $60 million $71 million $51 million
Business
1 answer:
jarptica [38.1K]2 years ago
8 0

Answer: $51 million

Explanation:

Firstly, we need to calculate the required reserve which will be:

= $500 × 15%

= $500 million × 0.15

= $75 million

Then, the excess reserve will be:

= $126 million - $75 million

= $51 million

Therefore, the maximum deposit outflow it can sustain without running into reserve deficiency is $51 million.

You might be interested in
a large, family-owned dairy farm operating in the western part of virgina is preparing its annual tax return, and the cfo's obje
Schach [20]

Annual tax return is a document which states the income and expenses of a certain firm or individual and it is given to the tax department for further checking.

Depreciation expenses is the decrease in the cost of an asset that has appeared over a period of time because of its use. Any expense that is related to a certain asset is included to calculate the depreciation expense.

Depreciation expense: Cost of the asset - residual value/ total units expected to be produced * actual units produced

To learn more about depreciation expense, click here:

brainly.com/question/15024945?referrer=searchResults

#SPJ4



7 0
1 year ago
Read 2 more answers
Max and nora have modified agi of $75,000, and adopted a little boy from san antonio, texas, in the current year and incurred a
miskamm [114]

Answer:$9,000

Explanation:

The tax credit offered to adoptive parents to encourage adoption is reffered to as ADOPTION TAX CREDIT. The adoption tax credit is a nonrefundable tax credit. This means that people owing taxes are also fit or qualified to apply for the adoption tax credit.

In the United States of America, adoption tax credit qualified expenses include court costs, traveling expenses, lawyer's or Attorney's fee and other expenses for legal adoption of an eligible child.

It can be calculated by subtracting

the max's employer provided for the couple with adoption benefits of $4,000 from the incurred expenses of a total of $13,000 in qualified adoption expenses(from the question).

That is; $13,000-$4,000.

= $9,000.

Hence, the maximum amount of adoption credit they can take this year is $9,000.

4 0
3 years ago
Bravo! You did a great job. I bet you are ready to further evaluate your learning
Ede4ka [16]
Where are the sentences
5 0
3 years ago
What can be used to keep the hands from becoming chapped and dry because of frequent hand washing?
ziro4ka [17]
You can use hand cream or lotion so your hands don't become chapped or dry.
6 0
3 years ago
The market equilibrium A. occurs only when consumer surplus exceeds producer surplus. B. minimizes the profit of the market beca
BabaBlast [244]
D)
Market equilibrium occurs when supply = demand
8 0
3 years ago
Other questions:
  • OS Environmental provides cost-effective solutions for managing regulatory requirements and environmental needs specific to the
    7·1 answer
  • Which of the following would be included in the management function of planning?
    11·1 answer
  • The brake pedal is low and spongy ; all brake adjustments have been completed according to specifications.the cause of the probl
    6·1 answer
  • One retail trend resulting from economic conditions is​ ________.
    8·1 answer
  • Describe at least 3 nonprice competition strategies a company could use to convince customers that its product is better than ot
    9·2 answers
  • Jasmine is looking at career options for her future. She would like to be able to rent a house and live in a city near her famil
    7·1 answer
  • The advantage to departmentalizing by the function performed is Group of answer choices A. increased accountability for product
    13·1 answer
  • A restaurant currently uses 62,500 boxes of napkins each year at a constant daily rate. the cost to order napkins is $200.00 per
    9·1 answer
  • The ___________________Party believes in individual freedom and that the only purpose of government is to protect this freedom.
    13·1 answer
  • Describe the advantages and disadvantages of advertising and other promotional tools.
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!