Suppose that the legal reserve ratio set by the Fed is 10 % and that the Fair Bank in Fairdealing, Missouri initially has checkable deposit equal to $ 210 and a reserve account of $ 70 . A customer of Fair Bank deposits $ 100 into her checking account. Fair Bank loans 80 % of the deposit and places the rest in its reserves at the St. Louis Fed. For simplicity, assume the borrower received the loan as cash. How much does Fair Bank have in excess reserves after the deposit and loan?
Solved
Show answers
More tips
- S Society and Politics Skoptsy: Who They Are and How They Perform Castration?...
- H Health and Medicine How to Calculate Your Ideal Weight?...
- S Style and Beauty Discover the Art of Nail Design: How Do You Paint Your Nails?...
- P Philosophy How to Develop Extrasensory Abilities?...
- O Other Everything You Need to Know About Kudyabliks...
- C Computers and Internet The Twitter Phenomenon: What it is and How to Use it...
- C Computers and Internet How to Choose a Laptop: Expert Guide and Tips...
- C Computers and Internet How to Choose a Monitor?...
- H Horoscopes, Magic, Divination Where Did Tarot Cards Come From?...
- S Style and Beauty How to Make Your Lips Fuller? Ideas and Tips for Beautiful Lips...
Answers on questions: Business
- B Business Each activity contained a series of milestones that represented a previously agreed-upon amount of work. once the low graffiti was erased, 35% of the activity had been completed...
- B Business Peterson s antiquities currently has a 31 day cash cycle. assume the firm changes its operations such that it decreases its receivables period by 2 days, decreases its inventory...
- B Business Areal estate salesperson finds a buyer to a for sale by owner property. the home sells for $245,000, and the seller agrees to pay a commission of 3%. the salesperson is on a...
- B Business Mason company has a weekly payroll of $5,000. wages are paid every friday for the work performed monday through friday of that week. assuming that the accounting period ends...
- B Business Identify which of the following accounts would be included in a post-closing trial balance. 1) account receivable 2) salaries expense 3) goodwill 4) land 5) income tax expense...
- B Business 8. A home inspection performed by a licensed inspector is O a. a limited visual survey and basic performance evaluation of systems in house. ob. a full visual survey to ensure...
- B Business A. On October 1, Year 1, YD collected $24,000 for consulting services it agreed to provide during the coming year. b. Adjusted the accounts to reflect the amount of consulting...
- B Business All of the following statements are true about opening a new margin account for the customer of an investment adviser EXCEPT: A The customer must sign an advisory agreement with...
- B Biology What system tells the muscular system which muscles to contract and when to contract...
- L Law How did the authors of the Federalist Papers envision the separate branches of the government interacting with each other?...
Ответ: