A goldsmith has $2 million of gold in his vaults. He issues $5 million in gold receipts. His gold holdings are what fraction of the paper money (gold receipts) he has issued?
2. A commercial bank has $100 million in checkable-deposit liabilities and $12 million in actual reserves. The required reserve ratio is 10 percent. How big are the bank’s excess reserves?
a. $100 million.
b. $88 million.
c. $12 million.
d. $2 million.
3. The actual reason that banks must hold required reserves is:
a. To enhance liquidity and deter bank runs.
b. To help fund the Federal Deposit Insurance Corporation, which insures bank deposits.
c. To give the Fed control over the lending ability of commercial banks.
d. To help increase the number of bank loans.
Reed Hastings, the CEO of Netflix, announced on his personal Facebook page that Netflix had reached a new benchmark, that of streaming 1 billion hours of its content in a...Jul 27 2021
Sample Size for Proportion Find the sample size required to estimate the percentage of college students who take a statistics course. Assume that we want 95% confidence t...May 27 2021
Identify the difference of vision, mission, goals, and objectives by establishing a chart?Apr 06 2021
How do you measure your success as a production manager?Aug 23 2020
Choose the correct answer.(a) Robert's and Milli's(b) Robert and Milli's home was threatened by the Atlas Fire in Napa County.Jun 15 2021
Two manufacturers currently are competing for sales in two different but equally profitable product lines. In both cases the sales volume for manufacturer 2 is three time...Aug 05 2020
A vertical force of 80 lb acts on the crankshaft. The bearings A and B are properly aligned and exert only force reactions on the shaft. (Figure 1) Determine the horizon...Apr 07 2020
Special features of Series EE savings bondsNov 28 2017
Pharoah Corporation is preparing its December 31, 2017, balance sheet. The following items may be reported as either a current or long-term liability.1.On December 15, 20...Aug 12 2021
A three-year bank CD paying 7.40 percent compounded quarterly. Calculate effective annual interest rate (EAR)?Jul 16 2021