Assume a bank has $5 million in deposits and $1 million in vault cash. If the bank holds $1 million in excess reserves and the required reserves ratio is 8 percent, what is the minimum required reserve?
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Assume a bank has $5 million in deposits and $1 million in vault cash. If the bank holds $1 million in excess reserves and the required ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
Saint John Industries uses the percentage of credit sales method to estimate Bad Debt Expense. The company reported net credit sales of $500,000 during the year. Saint John has experienced bad debt losses of 2% of credit sales in prior periods.
Answers (1)
In the horizontal bar graph presented as an example in your reading material, the horizontal scale at the bottom of the graph represents A. Frequency of response B. Number of beverages C. Favorite beverage D. Number of days
Answers (1)
An asset has an average return of 10.19 percent and a standard deviation of 22.41 percent. What is the most you should expect to lose in any given year with a probability of 16 percent
Answers (1)
What type of economy does sri lanka have?
Answers (1)
When individuals are looking for jobs but are unable to find work, they are said to be?
Answers (1)
New Questions in Business
Accepting a special order will improve overall net operating income if the revenue from the special order exceeds: a. the contribution margin on the order. b. the incremental costs associated with the order. c.
Answers (1)
The debit side of an account a. depends on whether the account is an asset, liability, or owner's equity b. is the left side of the account c. can be either side of the account depending on how the accountant set up the system d.
Answers (1)
Universal Containers (UC) has a desktop application to collect leads for marketing campaigns. UC wants to extend this application to integrate with Salesforce to create leads.
Answers (1)
MetaProMetaPro Systems is a start-up company that makes connectors for high-speed Internet connections. The company has budgeted variable costs of $ 140$140 for each connector and fixed costs of $ 5 comma 500$5,500 per month.
Answers (1)
The National Highway Traffic Safety Administration (NHTSA) is responsible for all of the following except: A. establishing safety regulations for auto manufacturers B. constructing new highways C. enforcing automobile recalls D.
Answers (1)