Hello! I just need help on how to do the problem. I would like a very similar problem with step by step instructions and explanations since I don’t want to cheat but I do want and need to understand how to solve this problem.
Answers
Bank will have $6000 excess reserves after a check for $10,000 was drawn and cleared against it.
The Reserve Bank of IndiaThe Reserve Bank of India (RBI) is India's central bank and regulatory body in charge of overseeing the Indian banking system. The Ministry of Finance of the Government of India owns it. It is in charge of the Indian rupee's control, issuance, and supply.
When the deposit fall by $10,000, then the total checkable deposit become $1,20,000.
As the legal reserve ratio is 20%.
The reserve before check was drawn is cleared is $40,000.
The reserve after check was drawn is $40,000-$10,000=$30,000
The reserve that bank must keep is =120000*20%=$24,000
The excess reserve with bank is =$30000-$24000=$6000
Therefore, the correct answer is required reserves = $6000.
To know more about Reserve Bank, click on the link :
https://brainly.com/question/16196841
#SPJ1
Related Questions
How did independence movement changed world's balance of power?
Answers
Answer:
The most important shift in the balance of power began in 1989–90, however, when the Soviet Union lost control over its eastern European satellites and allowed noncommunist governments to come to power in those countries.
Explanation:
Conversion disorders are more common in people who are __________.
A.
well educated in the science of medicine
B.
well known for experiencing poor medical care
C.
less knowledgeable about medical and psychological concepts
D.
living in areas that are well populated and economically secure
Please select the best answer from the choices provided
A
B
C
D
Answers
Conversion disorders are more common in people who are experiencing significant stress or emotional turmoil. These disorders are also more common in women and adolescents.
There is no known cause for conversion disorder, but it is believed to be related to psychological factors such as stress, anxiety, or trauma. Treatment may include therapy, medication, or a combination of both.
In conclusion, when answering questions on Brainly, it is important to provide accurate and concise information while also being professional and friendly. Conversion disorders are more common in people who are experiencing significant stress or emotional turmoil, as well as in women and adolescents.
for more such question on adolescents
https://brainly.com/question/14669277
#SPJ11
“Having questioned Sidotti,* I understand that Christians teach that their
God produced heaven and earth and make him out to be the Great Lord and Father. This God of theirs, they say, cannot be served without giving him all of one’s love and all of one’s reverence. What these Christians are in effect saying is this: I have a [real] father, but I do not love him because I reserve all my love for God; I have a [real] lord, but I don’t revere him because I reserve all my reverence for God. Now this is what we call being impious and disloyal! According to the Book of Rites, it is the emperor, the Son of Heaven, who should be worshiping God, the Lord of Heaven. It is not a duty that is given to ordinary people. And that is in order to prevent the blurring of the line between the exalted and the base. Thus, the sovereign is Heaven to the subjects just as the father is Heaven to the child.”
*Giovanni Battista Sidotti was an Italian priest who had entered Japan in 1708, in violation of the Japanese government’s prohibition on Christian missionary activities. Arai Hakuseki, Japanese scholar and adviser to the
Tokugawa shogun, report, circa 1720
Explain ONE way in which the religious encounter referred to in the passage differed from most other religious encounters in the period circa 1450–1750.
Answers
One important difference between the circumstances of the religious encounter in eighteenth-century Japan and other religious encounters in the period 1450–1750 is that religious interactions in this period more frequently led to the development of syncretic belief systems such as Vodou or Santería than the outright.
1 2 3 or 4 ??? Correct answer gets braniest
Answers
C and D
Since it is a workplace, you want to handle the conflict appropriately.