Answer:
= $3 million
Explanation:
Banks are mandated by banking regulation to keep a percentage of their total deposit and can lend the balance. This is called the required reserve
The amount by which the total deposit exceeds the required reserve is called the excess reserve
The required reserve = Transaction × reserve requirement
= 0.10 × 100
= $ 10 million
Excess reserve = Transaction account balance - required reserve
= 100 - 10 = $90 million
With a decrease in reserve ratio to 0.07,
Excess reserve = 100 - (0.07 ×100)
= $ 93 million
Increase in excess reserve = $ (93 - 90) million
= $3 million
Answer:
Excess reserve will increase by $3 million
Explanation:
In this secanrio the reserve requirement is 0.10 that is 0.10* 100 million= $10 million.
The excess reserve is 100 million- 10 million= $90 million.
When there is a required reserve reduction to 0.07 then the reserve will be 0.07* $100 million= $7 million.
The excess reserve will be $100 million- 7 million= $93 million
Therefore the increase in excess reserve is $93 million- $90 million= $3 million
48 month car loan
15 yr student loan
all of the above
B. A sole proprietorship
C. AC corporation
D. An LLC
Please select the best answer from the choices provided.
Answer:
I think A option is right
Answer:
B
Explanation:
Edge 2021
Answer:
The hockey FCI is $53.57 and the golf FCI is 45.12$.
Explanation:
The hockey FCI (HFCI) is $8.45 more expensive than the golf FIC (GFCI). You know that both FICs are in total: $98.69.
1- Subtract $8.45 from the total of $98.69: $90.24.
2- Split the remaining amount in half: $90.24/2: $45.12.
3- The HFCI is $45.12 + $8.45: $53.57.
The GFCI is $45.12.
If you add both FCIs you should get the total $98.69:
$53.57 + $45.12: $98.69$
The hockey FCI is $53.57 and the golf FCI is 45.12$.
I hope this answer helps you!
b. They are only available through the government.
c. They may be eligible for cancellation if certain criteria are met.
d. They are often used to pay tuition for private high schools.
Answer:
c
Explanation:
Answer: export steel and import wheat
Explanation:
According to the Heckscher-Ohlin model, a country should export the foods and services that it can produce in abundance and also produce efficiently while it imports the one that is less efficiently produced of the two goods being compared.
In this scenario, the two countries in this model are the United States and the Rest of the World; the two goods being produced by each of the countries are steel and wheat; the two factors of production used in producing the goods in each country are capital and land.
Since the United States is capital-abundant and steel production is capital-intensive, this mean that the United States can produce steel more efficiently and in abundance. Therefore, U.S should produce steel and export to other countries while it buys wheat from the rest of the world.