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Question
A small state bank currently has reserves equal to $300,000. If the state reserve requirement is 20%, but the bank currently maintains a 30% reserve, how much are the excess reserves the bank currently has?
a. $200,000
b. $100,000
c. $300,000
d. $500,000
e. None of the above.
Answer
This answer is hidden. It contains 147 characters.
Related questions
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Q:
Refer to Foxy Ladies Investment Club. What was the portfolio's simple arithmetic average return per year from 2010 through 2012?
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Q:
The one-year holding period returns for Cherokee Adventures for 2010 and 2011 are given below. If Cherokee's geometric average return for 2010 through 2012 was 15 percent, what was its implied one-year holding period return for 2012? Year 1-year holding
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Q:
The simple arithmetic average return for the common stock of Saltwater Expeditions Incorporated for the eight-year period from 2005 through 2012 was 21 percent. The one-year holding period returns from 2005 through 2011 are given below. What is the implied one-year holding period return for 2012?
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2006 22
2007 25
2008 20
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2010 25
2011 24
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Q:
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Q:
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a. True
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Q:
Use the information below to solve for the earnings per share for Adobe.
52 Weeks Yld Vol Net
Hi Lo Stock Sym % PE 100s Hi Lo Close Chg
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Q:
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Q:
Net working capital is defined as
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Q:
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Q:
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Q:
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Q:
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Q:
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