Suppose a bank receives a $10,000 deposit, and the reserve ratio is 20%. The bank is required to keep in reserve an amount equal to ?
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- Assume a simplified banking system subject to a 20 percent required reserve ratio. If there is an initial, increase in excess reserves of $100,000, the money supplySuppose you deposit $100 in a bank, which of the following will occur A The bank's assets will increase by $100 B The bank's liabilities will increase by $200 C The bank's liabilities will decrease by $100 D The bank's reserves will increase by $200If the reserve requirement is 20 percent and a new deposit of $10,000 in cash is made by a customer to their checking account, by how much are excess reserves increased?
- With an initial deposit of 200 dollars, the balance in a bank account after t years is f(t) = 200(1.05)t dollars. What are the units of the rate of change of f(t)? Find the average rate of change over [0,1]The value of a bank account collecting interest which is continuously compounded is modeled by the equation: A = Pet where: A is the value of the account at time t P, or the principal, is the value of the initial investment t is time (measured in years) r is the interest rate (written as a decimal) 1. Suppose that $5000 is put into an account with an interest rate of 8% compounded continuously. a) How much will the account be worth after 3 years (exact value) ? b) How much will the account be worth after 3 years (rounded to the nearest cent) ? c) How many years will it take for the value of the account to double? In an exponential model for population growth, the size of a population at time t is rt described by the equation: N(t) = Net where: N is the initial population or the population at t=0 r is the percentage growth rate t = time and can be measured in different units depending on the problem. Note: You don't have to use e and r. It is often possible to find an equivalent form…A bank pays a simple interest rate of 4.1% on 30 to 179-day GICs of at least $100,000. What is the effective annualized rate of return:a) On a 40-day GIC?b) On a 160-day GIC?
- Wasn't the $25,000 on the initial Reserve considered Required Reserve? If so, the Excess Reseve would originally be $75,000 (100,000*0.75). When the household deposited $4,000 into the bank, the Deposits increased from $100,000 to $104,000. Since the Required Reserve Ratio was 25%, that means, Required Reserve increases $1,000 (4,000*25%), and has $26,000 ($104,000*25%) or ($25,000 + 1,000). As a result, the Excess Reserve now increased 3,000 (4,000 -1,000), and becomes $78,000 ($75,000 + 3000). Wasn't the answer supposed to be $78,000?A bank features a savings account that has an annual percentage rate of r=3.1r=3.1% with interest compounded quarterly. Breanna deposits $6,500 into the account. The account balance can be modeled by the exponential formula S(t)=P(1+rn)ntS(t)=P(1+rn)nt, where SS is the future value, PP is the present value, rr is the annual percentage rate written as a decimal, nn is the number of times each year that the interest is compounded, and tt is the time in years. (A) What values should be used for PP, r, and nn? P=P= , r=r= , n=n= (B) How much money will Breanna have in the account in 88 years? Answer = $ . Round answer to the nearest penny.1. If you make yearly deposits of $1200 in a bank account, how much money will you have in your account after 20 years? interest rate is 6%. Please work out and do not use excel. Include cashflow diagram if possible.
- What is the amount of the quarterly deposits Asuch that you will be able to withdraw the amountsshown in the cash flow diagram if the interest rate is8% compounded quarterly?A firm deposits some funds in a special account at 4.8% compounded monthly. What effective rate will they earn?Find the equivalent present worth of the cash receipts in the accompanying diagram, where i = 8% compounded annually. In other words, how much do you have to deposit now (with the second deposit in the amount of $1,000 at the end of the first year) so that you will be able to withdraw $600 at the end of the second year through the fourth year , and $ 800 at the end of the fifth year , where the bank pays you 8% annual interest on your balance ?
