The reserve requirement is 40%.
<h3>What is the reserve requirement?</h3>
Reserve requirement is the percentage of deposits that is required of commercial banks to keep as reserves with the Central Bank. The reserve requirement is a told that is used by the Central Bank of a country to control the level of money supply in the economy.
The first step is to determine the reserves of the bank.
Reserves = checkable deposits - excess reserves
$5 million - $3million = $2 million
Reserve requirement : (reserves / checkable deposits) x 100
($2 million / $5 million ) x 100 = 40%
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Answer:
$3,520.65
Explanation:
The calculation of the future value is given below:
As we know that
Future value = Present value × (1 + interest rate)^number of years
= $250 × (1 + 0.0275)^5 + $450 × (1 + 0.0275)^4 + $650 × (1 + 0.0275)^3 + $850 × (1 + 0.0275)^2 + $1,100 × (1 + 0.0275)^1
= $286.32 + $501.58 + $705.11 + $897.39 + $1,130.25
= $3,520.65
We simply applied the above formula to find out the future value
Answer:
The correct answer is the option E: consumers are encouraged to buy domestically produced goods.
Explanation:
To begin with, in order to the economy to grow the country must encourage the consumers to buy more domestically produced goods so that the when the demand increases so does that income of the firms and that impacts in the demand that the companies do as well. Therefore that the country, and that is, the firms and the government, should encourage the increase of consumption from the buyers in order to intend to experience an economic growth.
This is true you want to minimize risk by marketing
Answer:
The remaining part of the question is:
They are set by each broker individually and may be negotiable between the seller and broker.” This clause must be printed:
1. In not less than 8-point boldface type.
2. In not less than 10-point boldface type.
3. In not less than 11-point boldface type.
4. In not less than 12-point boldface type.
Correct Answer:
2. In not less than 10-point boldface type.
Explanation:
<em>In-order to print the clause, the 10-point boldface type should be the minimum font on which the compensation clause is printed. It would make it easier to read.</em>