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Mnenie [13.5K]
2 years ago
9

Suppose some banks decide to increase their holdings of excess reserves relative to deposits. Ceteris paribus, this action will

put _______ pressure on the money supply, and to reduce the impact of this action the Fed could _______.
Business
1 answer:
slava [35]2 years ago
5 0

The action of the bank will put decreased pressure on the money supply, and to reduce the impact of this action, the Fed could decrease the discount rate.

Basically, a decrease in discount rate will make it easy and cheaper for commercial banks to borrow money from Federal Reserve System and thus, results to increase in available credit and lending in the economy

Therefore, if the commercial banks decide to increase their holdings of excess reserves supposed to be remitted to Feds, then, this will put <u>decreased</u> pressure on the money supply, and the Fed would act by <u>decreasing</u> the discount rate.

Read more about this here

<em>brainly.com/question/20023706</em>

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Smiling Elephant, Inc., has an issue of preferred stock outstanding that pays a $6.40 dividend every year, in perpetuity. If thi
Alina [70]

Answer:

7.92%

Explanation:

7 0
3 years ago
Which of the following statements about cover letters is false?
Radda [10]

The false statement about cover letters from the list of options is C. A cover letter is sent before a résumé so that the employer knows it is coming.

<h3>What is a Cover Letter?</h3>

This refers to the one-page document that a job seeker submits with his resume or CV that serves as an introduction.

Hence, we can see that based on the fact that cover letters are used by job seekers to make an introduction of themselves, we can see that sending it before a resume is false.

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brainly.com/question/3602860

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6 0
1 year ago
Joelle wants to have an emergency fund to cover 6 months of her expenses. Her monthly gross pay is $4,000 and her monthly expens
algol [13]

Answer:

30 months

Explanation:

expenses is 2000 and she wants to save for 6 months of them so 2000x6= 12000 10% of 4000 is 400 so we divide 400 into 12000 and get the awnser 30 months

4 0
2 years ago
Bass Accounting Services expects its accountants to work a total of 23 comma 000 direct labor hours per year. The​ company's est
MissTica

Answer:

Estimated indirect costs allocation rate= $14 per direct labor hour

Explanation:

Giving the following information:

Estimated direct labor hours= 23,000

Estimated indirect costs= $322,000.

To calculate the allocation rate, we need to use the following formula:

Estimated indirect costs allocation rate= total estimated indirect  costs for the period/ total amount of allocation base

Estimated indirect costs allocation rate= 322,000/23,000

Estimated indirect costs allocation rate= $14 per direct labor hour

4 0
2 years ago
The Baldwin Company currently has the following balances on their balance sheet: Total Liabilities $68,188 Common Stock $10,959
Sliva [168]

Answer:

Total assets next year are $186670

Explanation:

The basic accounting equation states that Total assets are always equal to the sum of Total liabilities and total equity. Thus, the total assets of the company this year are,

Total assets - this year = 68188 + (10959 + 86023)

Total assets - this year = $165170

The net income generated by a company is used for two purposes. The company can either pay out dividends from it or retain it in the business or do both. The retained net income will increase the amount of retained earnings and thus the total equity.

Retained earnings for next year = 36500 - 15000  = $21500

Thus, total assets for next year are,

Total assets next year = Total assets this year + change in retained earnings

Total assets next year = 165170 + 21500     = $186670

6 0
3 years ago
Read 2 more answers
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