A bank has $7 million in checkable deposits and $1.2 million in total reserves. If the required reserve ratio is 10 percent, then the bank has a. required reserves of $700,000. b.excess reserves of $500,000. c. excess reserves of $1,080,000. d. required reserves of $120,000. e. a and b

Answers

Answer 1

The required reserve ratio is 10 percent, then the bank has (b) excess reserves of $500,000.


The bank has $1.2 million in total reserves, which is greater than the required reserves of $700,000. This means that the bank has excess reserves, which is the amount of reserves held by the bank above and beyond the required reserve amount.
To calculate the amount of excess reserves, we subtract the required reserves of $700,000 from the total reserves of $1.2 million. Therefore, the bank has excess reserves of $500,000 ($1.2 million - $700,000).
Therefore, the correct answer is (b) excess reserves of $500,000. The other options are incorrect as they either do not account for the required reserve amount or overestimate the amount of excess reserves.

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Related Questions

in order to retain their ownership percentage existing stockholders may be given the first chance to buy newly issued stock before it is offered to others what term is used to describe this right

Answers

A shareholder with pre-emption right has the choice to purchase additional company shares before they are offered for sale on a public exchange.

What is a pre-emption right?

A pre-emption right, right of pre-emption, or first choice to buy is a legal right to purchase a particular piece of newly created property before it may be made available to any other person or entity. The term "right of first refusal" is commonly used to describe the privilege of purchasing existing property before any other party. The ability of current shareholders to purchase additional shares that a firm issues in a rights issue, which is typically an IPO, is the most prevalent type of pre-emption right in actual practise. The term "pre-emptive right" in this sense also refers to a subscription right or privilege. Existing shareholders have the option, but not the requirement, to purchase the new shares before they are made available to the general public.

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Ellis company issues 6. 5%, five-year bonds dated january 1, 2021, with a $250,000 par value. The bonds pay interest on june 30 and december 31 and are issued at a price of $255,333. The annual market rate is 6% on the issue date.

Answers

The total bond interest expense over bonds’ life is $77,500.

What is interest expense?

The expense of paying interest is a cost associated with borrowing money. In exchange for using its cash, a lender charges a borrower a fee. The cost of borrowing funds from banks like banks and bond investors can be displayed on the income statement as interest expense. Because it pertains to the capital structure of a firm and is typically tax deductible, interest expense differs from operational expense and CAPEX. Interest revenue and interest expense are often combined under the heading "interest income - net," but are usually shown separately on the income statement. After it has been determined how much interest will be paid, the borrower would typically record the amount as accrued liabilities. Credit would be given to accrued liabilities and debit would be given to interest expense.

Interest expense=250000*0.31=77500.

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How important is money

Answers

Answer:

very important

Explanation:

money is a global income source for everyone. we all have different types but it is all still money. now say one country got rid of money and had people pay for stuff using other things. if china did that lots of different countries wouldn't be able to get stuff from there unless they had so much of that product they could just give it up.

How does Truth-in-lending benefit consumers when shopping for a loan? a. Truth-in-lending allows consumers to be frank with the lenders and talk about very personal things. B. Truth-in-lending requires all lending institutions to eventually convert all of their loans to fixed interest rates. C. Truth-in-lending requires consumers to admit whether or not they can actually afford the loan they’re applying for. D. Truth-in-lending allows consumers to know every cost that is associated with the loans they research and apply for, and helps them reach the optimal decision.

Answers

Answer:

A

Explanation:

Truth-in-lending allows consumers to be frank with the lenders and talk about very important things

Answer: D

Explanation:

Truth-in-lending allows consumers to know every cost that is associated with the loans they research and apply for, and helps them reach the optimal decision.

taking the test rn edge 21-22

If the income elasticity of money demand is less than 1, then
a. income can never increase faster than money supply
b. an increase in income will be reflected in a proportionately smaller increase in money demand
c. the velocity of money must decrease as the level of income increases
d. an increase in income will be reflected in a proportionately larger increase in money demand
e. changes in the interest rate will never affect money demand

Answers

The correct answer is b. an increase in income will be reflected in a proportionately smaller increase in money demand.

The income elasticity of money demand measures the responsiveness of the demand for money to changes in income. When the income elasticity of money demand is less than 1, it indicates that money demand is income inelastic. This means that the demand for money does not increase proportionately as income increases. In other words, when income rises, the increase in money demand is smaller relative to the increase in income. Individuals and households do not feel the need to hold a higher proportion of their income in the form of money. They may allocate a smaller portion of their increased income to money balances, choosing to spend or invest the additional income instead. This concept is consistent with the idea that as income rises, people tend to allocate a larger share of their income to other assets or consumption goods rather than holding more money. Therefore, the increase in money demand is proportionately smaller compared to the increase in income.

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Commercial hotels are usually in downtown or _____________ districts.

Answers

The answer is Business Districts

Answer:

buisness

Explanation:

You are a potential stockholder and are concerned that a particular company you are ready to invest in, might have too much debt. which financial statement would provide you with the information needed to evaluate your concern?

Answers

You are a potential stockholder and are worried that a particular company you want to invest in has a large amount of debt. The financial statement that provides the information necessary to assess concerns is the balance sheet.

What are balance sheets?

A balance sheet is a summary of a company's assets, liabilities and equity at a particular point in time. It is one of the basic documents that make up a company's financial statements. There are three types of balance sheets: Comparative balance sheet. Vertical balance sheet and Horizontal balance sheet.

Why use a balance sheet?

A balance sheet provides a snapshot of a company's financial position at a particular point in time. In addition to income and cash flow statements, the balance sheet helps business owners assess the financial health of their company. A balance sheet report on the organization's assets (what it owns) and liabilities (what it owes).

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The president of state university wants to forecast student enrollments for this academic year based on the following historical data: year enrollments 5 years ago 15,000 4 years ago 16,000 3 years ago 18,000 2 years ago 20,000 last year 21,000 what is the forecast for this year using the naive approach?

Answers

last year 21,000 is the forecast for this year using the naive approach.

A forecast is a method of predicting the future primarily based on the consequences of the preceding information. It includes a detailed evaluation of past and gift traits or activities to expect destiny occasions. It uses statistical equipment and strategies. Therefore, it is also referred to as Statistical evaluation.

A typhoon in October 1859 that triggered the lack of the Royal charter stimulated FitzRoy to expand charts to allow predictions to be made, which he knew as "forecasting the climate", consequently coining the term "weather forecast".

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Help answer these two questions pleaseee


1. Across the course, you've learned about many other desktop publishing software programs besides PowerPoint. Identify at least two other technologies available for desktop publishing (the software can be presentation-based, word processing, spreadsheet software.etc.). What are some common features across PowerPoint and these other programs?



2. What are 2 differences that could be expected in how an employee would speak to other staff members in a truly flat organizational structure compared to a hierarchical structure?

Answers

Answer:

1.

At least two other technologies available for desktop publishing:

Microsoft WordMicrosoft ExcelMicrosoft Publisher

Common features across PowerPoint and the above programs:

These programs are all part of the Microsoft 365 (formerly Microsoft Office) suite of software tools. They are available for both personal and professional use. All programs use a subscription model. They are designed to be compatible across Microsoft's entire product line and allow for instant collaboration among multiple registered users.

2.

Two differences in how an employee might speak to other staff members in a flat organizational structure versus a hierarchical structure:

Less expectation of formality: speech would likely be delivered in a more casual manner and tone among many staff membersAn increase in dialogue: a reduction or elimination of middle management necessitates increased collaboration among staff

when as the size of a tax on a good increases, the size of the deadweight loss typically

Answers

When the size of a tax on  goods increases, the size of the deadweight loss typically also increases. This is because a tax on a good creates a wedge between the price paid by buyers and the price received by sellers, which reduces the quantity traded in the market.

The size of the deadweight loss is a measure of the inefficiency of the tax, which is the reduction in economic surplus that results from the tax. In general, the deadweight loss of a tax on a good is directly proportional to the size of the tax and the elasticity of demand and supply.

The elasticity demand refers to the responsiveness of the quantity demanded to changes in the price of the good, while the elasticity of supply refers to the responsiveness of the quantity supplied to changes in the price of the good. If demand and supply are both relatively elastic, the deadweight loss of the tax will be large, as the quantity traded will be more sensitive to changes in the price.

If the tax is placed on a good that has inelastic demand or supply, then the size of the deadweight loss will be relatively small, as the quantity traded will be less sensitive to changes in the price. However, in this case, the tax will generate a relatively large amount of revenue for the government, as the burden of the tax will be mostly borne by the buyers or sellers, depending on the elasticity of demand and supply.

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HELP WANTED: CHEF

Upscale, 100 seat neighborhood restaurant seeking Executive Chef with 5 years experience in kitchen
management and line experience. Position reports to Restaurant manager. Send Resume to: Recruiter,


Based on the skill level, what category of worker is the ad seeking?
A. Unskilled labor
B. Blue collar
C. Skilled labor
D. Professional

Answers

Answer:

the answer is d. professional.

which of these is mos likely outcome of a financial crisis

Answers

Answer:

More bankruptcies

Explanation:

Financial crises are caused by number of reasons such as stock market crash, liquidity shortage, over-valued assets which make investors sell off their investments hence causes panic withdrawals for customers due to rumored banking collapse etc.

When financial crises occur, the profit due to firms will be eroded because the revenue expected by them is not coming forth. Moreso, the overall corporate profit would also be affected by the financial crises hence bring about loss and subsequent bankruptcies.

Financial crises creates unemployment or massive lay-offs, loss of money hence increase chances of creating more bankruptcies.

8. Shelby owns a small gift shop in a tourist town in Devon. She has the following costs in the
month of May.
Rent £2,225
Wages £800
Salaries £1,500
Stock purchase £950
Calculate her total fixed costs. (don't forget to include £ sign. You do not need to write pence in
your answer​

Answers

Answer:

£3,725

Explanation:

Fixed costs do not change throughout a financial period. They remain constant regardless of the level business output.  A business must incur fixed costs as long as it remains open.

From the list provided, fixed costs are

Rent  £2,225Salaries  £,1,500

Total fixed costs will be  £2,225 +£,1,500

= £3,725

help me to answer thi Q! Thanks!

help me to answer thi Q! Thanks!

Answers

Divide the numbers on the first graph by 1’s and you get your answer

Assessment Questions
In What is Insurance
b Explain the following term in
Insure
premium

Answers

Explanation:

insurance is an arrangement by which a company or the state undertakes to provide a guarantee of compensation for specified loss, damage, illness, or death in return for payment of a specified premium.

premium an agreed payment for insurance

insure to protect something against unforseen risks like fire death etc.

Answer:

dch gang from BJP by v for Vendetta the intended recipient you are not the intended recipient you are not the intended recipient you are

What is bank rate rate?

Answers

The interest rate that a country's central bank charges on loans is known as the bank rate. The bank rate was established by the Board of Governors of the Federal Reserve System of the United States.

Give a brief account on bank rate.

A country's central bank will frequently make relatively short-term loans to domestic banks at a bank rate, which is the interest rate at which it does so. One way that central banks influence economic activity is by controlling the bank rate. Lower bank rates can stimulate the economy by cutting the cost of borrowing money, while higher bank rates can restrain it when inflation is out of control. In the US, the discount rate is a common name for the bank rate. The Federal Reserve System's Board of Governors determines the discount rate and the minimum reserves needed by banks in the United States. In order to control the money supply, the Federal Open Market Committee (FOMC) buys and sells Treasury securities. The value of Treasury bonds, reserve requirements, and the discount rate all have a significant effect on the economy. Monetary policy refers to this method of controlling the money supply.

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If you have 900 dollars and you save it for ten years woth eight percent interest, what will be it’s future value?

Answers

1620
900 times 8%, or 0.08 is 72. So 72 is the interest for 1 year. You multiply that times 10 for ten years of interest and get 720. You add 900 and 720 and you get 1620. Therefore, 1620 is how much you have after 10 years with eight percent interest. Hopefully this helps!

What should you do in the following scenario?

You are meeting with a colleague and within the conversation, the colleague talks about going to dinner with a client, holding hands, and seems to indicate he is thinking of pursuing a relationship.

Answers

Answer:

it seems kind of inappropriate to have a relationship with a client

Explanation:

» We are taught that we can
This is simply not true!
dave ramsey

Answers

Answer:

Is this a question or a statement? Please clarify.

Explanation:

A food worker washes his hands and puts on new gloves before taking tomatoes from a box and slicing them for burgers

Answers

What the food worker, who washes his hands and puts on new gloves before taking tomatoes from a box and slicing them for burgers, has done is an example of practicing good personal hygiene.

What is personal hygiene?

Personal hygiene involves the following activities: bathing, washing hands, brushing teeth, etc.

The purpose of personal hygiene, especially for a food worker or handler is to prevent biological, chemical, and physical hazards that make food unsafe.

Thus, since food workers come into contact with millions of germs and viruses daily, they must practice personal hygiene.

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2.
What is selling? How can you apply this in your real life as a student?

Answers

Selling is when someone buys product from you, it can affect you as a student because you’re earning money by selling items.

Who do you think has the most
influence?

Answers

Answer:

because the influence is an important

TRUE OR FALSE
Some employees enjoy working for an autocratic leader because they welcome the structured environment.

Answers

Answer:

The Answer is gonna be True

This is the right Answer :3

I hope you are having a great day ❤️❤️❤️

Answer:

true

Explanation:

promise its true

HOPE IT HELPS

An international business is a firm that
Part 2
A. hires​ non-U.S. citizens.
B. produces a wide range of products.
C. is not from the United States.
D. engages in international trade or investment.

Answers

Option D: An international business is a firm that engages in international trade or investment.

Therefore, the correct answer is option D. An international business is a company that conducts business across national borders. This can include importing and exporting goods, investing in foreign markets, and operating in multiple countries.

It is not necessarily defined by the nationality of its employees, the range of products it produces, or the country in which it is headquartered. International business refers to the trade of goods, services, technology, capital and/or knowledge across national borders and at a global or transnational scale. It involves cross-border transactions of goods and services between two or more countries.

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A guidance counselor is:
o a. someone who works with students with disabilities.
o b. someone who oversees a student's academic progress.
o c. someone who oversees high school operations.
o d. someone who teaches classes and monitors hallways.

Answers

A guidance counselor is a person who works in the schools and check with the student's academic progress.

Who is a guidance counselor? Discuss his responsibilities?

A guidance counselor are the certified professionals who are employed in the schools and different institutions.

They helps the students by giving them advise and consultancy about their career and academic growth.

They basically assess the student's ability and provides them with personal counselling.

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Marginal revenue is the difference between output effect or price and the _____ effect for a given quantity.
1discount
2profit
3sales
4output

Answers

Marginal revenue is the difference between output effect or price and the sales effect for a given quantity. Hence, option C is correct.

What is Marginal revenue?

Marginal revenue is the additional income generated by selling one more unit of output. Although marginal revenue can remain constant at a given level of output, the law of diminishing returns eventually causes it to start declining as output level increases.

To calculate a company's marginal revenue, divide the variation in its total revenue by the variation in its total output volume. Marginal revenue is the selling price of one additional item that was sold. Marginal Revenue = Change in Revenue / Change in Quantity is the formula used to determine it.

Thus, option C is correct.

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Question 5 of 10
How does the fractional reserve banking process add money into an
economy?
O A. By preserving the value of deposits while loaning deposited
money to others
O B. By making sure that all loans are repaid by the borrower's next
payday
O C. By giving banks the right to print money during periods of
economic emergency
D. By ensuring that banks maintain reserves covering all of their
deposits
SUBMIT

Answers

Answer:A

Explanation:

Answer:

A. By preserving the value of deposits while laoning deposited money to others.

Explanation:

I Got it right on my test.

For Tesla, the Model S represents a
(BCG) market growth/market share matrix.
on the Boston Consulting Group

Answers

The answer is "star" and its further explanation can be defined as follows:

The Tesla Model S is pleasant during the day, but fitness and finish are something to want. When heading for just a quick ring all-around city or heading off to the other side, Model S 2020 is full of space and luxury. It is a quality rating of 7 out of 10.The Tesla Model S is the top U.S. car with an overall score of 70 in the ultra-luxury car category. The top-range model S is 373 miles long and has one of today's largest ranges. For Tesla, Model S is a star in the growth/market share matrix of the Boston Consulting Group. The hunting for a high-quality premium car, Tesla Model S.Its overall design is maybe 10-years old, but the type S still sets a baseline for all EVs, and it has an unmatched driving range. The Model S is rather costly at $80,000 on the other hand.

That's why the correct answer is "star".

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Which person has the highest taxable income?
Person A: Earns $50,000 per year with $5,000 in deductions
Person B: Earns $60,000 per year with $10,000 in deductions
Person C: Earns $90,000 per year with $30,000 in deductions
Person D: Earns $100,000 per year with $60,000 in deductions
A. Person B
B. Person D
C. Person A
D. Person C

Answers

Answer:

D. Person C

Explanation:

Taxable income is the difference between the gross pay and all authorized deduction.  

For person A : taxable income = $50,000 - $5000 = $45,000

For Person B: taxable income =$60,000 - $10,000 = $50,000

For Person C: taxable income= $90,000 - $30,000 = $60,000

For Person D: taxable income=$ 100,000 - $60,00= $40,000

Person C has the highest taxable income with $60,000

Answer: person c

Explanation:

a pe x

Which customer service client is external to an organization?

department manager
consumer
CFO
sales representative
TIMEDD TEST

Answers

Answer: sale representative

Explanation:

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