statonglenda
14.12.2021 •
Business
listed below are several transactions. for each transaction, indicate whether the cash effect of each transaction is reported in a statement of cash flows as an operating, investing, financing, or noncash activity. also, indicate whether the transaction is a cash inflow or cash outflow, or has no effect on cash. the first answer is provided as an example.
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Ответ:
Required reserve=$36 million
Explanation:
In a fractional banking system, banks are required to maintain a proportion of their total deposit for precautionary reasons by banking authority.
The proportion is known as the required reserve ratio and is always given as a percentage of the total deposit.
The required reserve = required reserve (%) × Total deposit
= 12%× 300 million
=36 million
Required reserve=$36 million