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Temka [501]
3 years ago
9

The manager of the bank where you work tells you that your bank has $10 million in excess reserves. she also tells you that the

bank has $400 million in deposits and $355 million dollars in loans. given this information you find that the reserve requirement must be
a. 35/355.
b. 45/355.
c. 35/400.
d. 45/400.
Business
1 answer:
olganol [36]3 years ago
4 0
The answer is option "c. 35/400".

This is how we calculate this;

<span>reserve requirement =  (bank deposits - loans - excess reserves) / bank deposits
</span>=(400 - 355 - 10) / 400
= 35/400
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decrease and demand curve will shift to the left.

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3 years ago
The concept referring to the rights inherent in a supervisory position to give orders and expect the orders to be obeyed is:____
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Why is it important to have authority?

Authority can be used to protect our rights to life, liberty, and property. Authority can be used to provide order and security in people's lives. For example, air traffic controllers prevent accidents and provide safety for airplane passengers. Authority can be used to manage conflict peacefully and fairly.

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5 0
2 years ago
The following information is available for Sunland Company:
vladimir1956 [14]

Answer:

Contribution margin= 250,000

Explanation:

Giving the following information:

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<u>A CVP income statements provides the following structure:</u>

<u></u>

Sales= 590,000

Total variable costs= (340,000)

Contribution margin= 250,000

6 0
3 years ago
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