Some claim that union efforts to raise wages will inevitably result in job losses, but some counter that salary hike could also result in an increase or decrease in employment. Why does this have no definitive response? Due to the conditions of imperfect competition in hiring labor.
Because it only produces incentives for firms to just make more money, imperfect competition in the labor market leads to the exploitation of labor. Companies in this environment basically set their own unique prices and compete for market share.
Therefore, if the wages rise due to efforts to increase wages, the employers who must reduce their costs to increase profit might not look for more workers.
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____ is the general term for a group of technologies have emerged and combined to make new businesses possible on the web.
Web 2.0 is the general term for a group of technologies have emerged and combined to make new businesses possible on the web. Hence, the correct answer is web 2.0. Read below about Web 2.0.
What is web 2.0?Web 2.0 is the second stage of development of the internet, characterized especially by the change from static web pages to dynamic or user-generated content and the growth of social media. Web 2.0 includes software that allows users of Web sites to participate in the creation, editing, and distribution of content on a Web site owned and operated by a third party
Therefore, the correct answer is as given above
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Christopher is self-employed and reports all of his business-related income and expenses on his personal tax return. this is an example of:_____.
a. a proprietorship
b. a corporation
c. an llp/llc
d. a partnership
Correct option is A. Christopher is self-employed and reports all of his business-related income and expenses on his personal tax return. this is an example of a proprietorship.
What is meant by sole proprietorship?A sole proprietorship is a type of business that is owned and operated by one person and in which there is no legal separation between the owner and the business entity. It is also referred to as a lone tradership, individual entrepreneurship, or proprietorship. A solitary proprietor may hire employees in addition to doing their own business .
The lone proprietor is solely responsible for all losses and obligations and receives all gains (subject to business-specific taxes). The owner of the firm is the owner of all of the company's assets and is also responsible for all of the company's debts. In contrast to a partnership, which has at least two owners, it is a "single" proprietorship.
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What are some non-monetary costs of attempting to eliminate risks? loss of life loss of productivity loss of time.
Some non-monetary costs of attempting to eliminate risks a are time costs, search costs, and psychological costs .
Non-Monetary cost is a cost which a buyer pays other than money, to acquire a thing.The non-monetary price of acquiring a product comprises the time spent looking for it and the risk taken that it will provide the desired benefits.
Non-monetary costs are another type of sacrifice that customers feel when they purchase and use a service. When deciding whether to purchase a service or repurchase it, time costs, search costs, and psychological costs are frequently taken into consideration and may occasionally be more significant considerations than monetary price.
The psychological expenses associated with receiving these services are the most distressing non-monetary charges. Fear of rejection (bank loans), fear of not understanding (insurance), and worry of uncertainty (including fear of high cost) are all examples of fears.
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Regarding standard 2, which appraisal report option is the most common as it fulfills the minimum requirements for lenders to process their loans?
Regarding standard 2, Uniform Residential Appraisal Report (URAR) appraisal report option is the most common as it fulfills the minimum requirements for lenders to process their loans.
What is Uniform Residential Appraisal Report (URAR)?The Uniform Residential Evaluation Report (URAR) is widely regarded as one of the most extensively utilized forms in real estate appraisal. The form pertains to a one-unit property or a one-unit property with an auxiliary unit and enables standard reporting and analysis of single-family houses. This includes a planned development unit. The Uniform Residential Evaluation Report (URAR) form should not be used for manufactured homes or condominium units.
A Uniform Residential Evaluation Report (URAR) form, also known as Fannie Mae Form 1004, contains all of the information required to perform a full appraisal of a property utilizing one of three major techniques to value: a cost approach, a sales comparison approach, and an income approach.
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Ordinarily, which is the most significant audit objective and primary risk area for auditors in the examination of accounts payable?
Ordinarily, the most significant audit objective and primary risk area for auditors in the examination of accounts payable is:
Audit Objective: Completeness is the main goal of the accounts payable audit. Completeness suggests that the payable won't receive any significant future additions. Accounts payable are a significant source of operating cash flows in the drug wholesale industry because inventory turnover is very high.
Primary Risk Area:
1) Intentionally understated are expenses and accounts payable.
2) There are payments made to unsuitable vendors.
3 )Payments are made twice to vendors.
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A bill of material whose purpose is to simplify forecasting, master production scheduling and material requirements planning is called?
Answer to the query is planning bill.
Planning bills are agencies of gadgets in a invoice of cloth format that mirror how an item is sold, as a substitute than how it is built. Planning bills enable you to account for the range of feasible picks and points that might be included as components in a saleable quit item.
What is planning in BOM?A planning BoM, or planning Bill of Materials, is really a listing of the practicable wishes of a project. It is initiated in the early degrees of a venture even before the challenge has formally been approved.
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https://brainly.com/question/25811779#SPJ4Marketers are interested in how consumption patterns vary across countries and within countries. for example, which country has the highest consumption of wine on a per-capita basis?
Marketers are interested in how consumption patterns vary across countries and within countries. For example, France has the highest consumption of wine on a per-capita basis.
What is per-capita?The average income per person in a given location during a given year is measured by per capita income or total income. The amount is determined by dividing the region's overall income by its whole population. The national income divided by the population equals per capita income.
Simply divide the number of murders by the city's total population to determine the rate. Statisticians typically multiply the value by 100,000 and present the result as the number of murders per 100,000 persons to avoid using a small little decimal.
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All manufacturing costs are assigned to units of product and all nonmanufacturing costs are treated as period cost under costing.
All manufacturing costs are assigned to units of product and all nonmanufacturing costs exist treated as a period cost under absorption costing.
What is meant by Manufacturing cost?
Manufacturing cost can be considered as the summation of the cost of consumed resources during the production of a product. It can be separated into
direct materials costdirect labor costmanufacturing overhead.It should be noted that All manufacturing costs exist allocated to units of product and all non-manufacturing costs exist treated as a period cost under absorption costing. Total absorption costing is an accounting technique that accounts for all costs associated with producing goods or rendering services. TAC incorporates all manufacturing overheads in addition to the expenses of materials and labor. Each cost centre may have direct or indirect costs.
A managerial accounting technique called absorption cost, sometimes known as absorption cost, incorporates both the variable and fixed overhead costs associated with producing a specific product. Manufacturers may set their product prices since they are aware of the whole cost of production for each unit.
Hence, All manufacturing costs are assigned to units of product and all nonmanufacturing costs exist treated as a period cost under absorption costing.
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Indirect labor costs include ______. multiple select question.
a. assembly-line supervisor salary
b. factory security guard wages
c. administrative assistant salary
d. assembly-line worker wages
Indirect labor costs include: factory security guard wages and assembly-line supervisor salary
What is indirect labor cost?Indirect labor cost is the cost of labor that isn't directly related to the production of goods or the provision of services. It refers to the payment made to workers whose duties enable others to produce goods and provide services.
Indirect labor is the labour done by people who are not directly involved in the production of the commodities. Workers in a plant's quality assurance department, managers, and security personnel are a few examples. Their pay and benefits would be considered indirect labor costs.
"Indirect labor" refers to tasks performed by employees that enhance the operation of the company without directly producing goods or services. They are employed in industries including administration, accounting, and engineering.
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In a scenario where we expect a shift in both supply and demand, if the demand for a product increases, the price will always increase. True or false?.
The problem is a false statement, if the demand for a product increases, the price will always increase.
What is shift in both supply and demand?
Demand and supply curves may shift to the left or the right. If the quantity of a product is required grows, it is likely that the price of that product will fall, shifting the demand curve to the right. The quantity supplied will decline as prices fall, shifting the supply curve to the left.
The shifts in both the supply and demand curves are roughly equal when the increase in demand is equal to the reduction in supply. In reality, the equilibrium quantity stays constant while the equilibrium price increases.
Therefore,
In a scenario where we expect a shift in both supply and demand, if the demand for a product increases, the price will always increase. True or false?
The problem is a false statement.
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The current united states health care system functions more on a business model than a service model. which factors contribute to rising health care costs?
The current United States healthcare system functions more on a business model than a service model. The factors that contribute to rising health care costs include provider burden, health care fraud, and increased health insurance premiums.
The United States healthcare system is run on a business model, rather than a service model. That means that health insurance providers are providing insurance coverage to earn profits, and healthcare centers and institutions too have business interests in mind. This causes the healthcare costs to be comparatively higher than in other countries.
Rising healthcare cost is also due to the provider burden, the frauds in the healthcare sector, and the high premiums charged by insurance providers.
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______ is a term that describes involuntary turnover of employees that an organization performs to reduce costs.
Downsizing is a term that describes involuntary turnover of employees that an organization performs to reduce costs.
What is Involuntary turnover?
Layoffs, force reductions, and the firing of underperforming personnel are all examples of involuntary turnover. The first kind of involuntary turnover would be seen as undesirable since it could have an impact on the management and financial activities of the organisation. The second would be more positive for the business as we outlined above. One sort of turnover that takes place when a person is let go from a job is involuntary turnover. Employees may be fired for a variety of reasons, such as subpar work performance or inappropriate behaviour, which is frequently referred to as unproductive work behaviour (CWB).Pre-employment exams can be used during the hiring process to reduce involuntary turnover. One major factor in involuntary turnover, for instance, is the failure of new hires to comprehend and implement the training they receive.To know more about Involuntary turnover visit:
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Explain how the work done by lister and semmelweis supports the germ theory of disease.
The idea that human diseases can arise from infection. First noted by Pasteur and supported by Robert Koch.
Lister was the person to introduce the aseptic techniques that would decreases microbes in the medical setting and reduces wound infections.
Semmelweis considered that women who gave birth with a physicians help were dying more from fevers than with mid-wives help. He then tried the concept of washing hands with chlorine solution after finishing autopsies and returning to the birthing wards.
He assumes the infection rates becomes 1% which was less than the mid-wives.
What is germ theory of disease explain?
The germ theory of disease assumes that many diseases are caused by microorganisms such as bacteria, viruses, protozoa, or fungi. These diseases are occur by the develop and repetition of microorganisms. The germ theory of disease was devised by Louis Pasteur.
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What is the main advantage of small business that helps retain effective employees who could earn more at a large firm?
7 competitive advantages for small enterprises are listed below:
Taking decisions more quickly and focusing on niche marketsPersonalize Customer Service, Empower Your TeamLeaders in Access Directly Give Your Local Community PriorityFaster innovationMake a StatementConcentrate on SpecializationQuickly and effectively pivotaccelerated decision-making - Being tiny has its benefits for competition, therefore it's not always a bad thing. One is the quick turnaround for making decisions or for developing new products. You could have fewer personnel, but you can innovate processes more quickly as a result. Being able to modify and adapt to market needs and being an agile firm are key to keeping a business afloat and expanding. When there is a lot of bureaucracy involved or you have to take into account various voices, it is more difficult to make such kinds of decisions.
Encourage and Grow Your Team - For business operations, a strong internal team is essential. Smaller teams make it possible to provide more individualized attention, giving them an advantage over organizations with hundreds or thousands of people. Make sure that workers have a say in the direction of the business in order to capitalize on this. Make sure management is approachable so that employees' issues and queries are completely addressed. Make time to talk about and keep track of each team member's professional growth goals as well. A small business may foster a culture where each employee feels appreciated by putting these deliberate actions into place.
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Place the steps in the adjustment process at the end of the accounting period in the correct order.
The correct steps in accounting are:
1. Prepare the adjusting entries
2. Prepare an adjusted trial balance
3. Prepare the financial statements
4. Prepare the closing entries
All varieties of bookkeepers should be familiar with the eight-step accounting cycle. It divides the total process of a bookkeeper's duties into eight fundamental steps. Through accounting software and other technological tools, many of these tasks are frequently automated. However, for small business accountants working on the accounts with little technical support, being aware of and using the manual processes might be crucial.
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Suppose goods a and b are substitutes for each other. We would expect the cross-price elasticity between these two goods to be.
When two goods a and b are substitutes for each other then the cross-price elasticity between these two goods will be positive.
Economists use the cross-price elasticity of demand to categorize the relationship between two different items. The positive cross-price elasticity of demand indicates that two goods are substitutes. In other words, a decrease in the quantity demanded of a product due to an increase in its price will result in a rise in the demand for its substitute. On the other hand, if a product's price is reduced which will eventually increase the demand, the demand for its substitute product will decline.
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High tech customers want cutting edge products that are updated every year.
true or false
False. What happens to a product's age when its placement (Speed/Accuracy) is updated? It splits in two. Region Kits are extra product features made for a particular market.
How does product positioning work?Product positioning is a type of marketing that highlights your product's advantages to a specific target market. Based on positive reactions to the product, marketers can choose which audience to target through market research and focus groups.
Research can also reveal which product features appeal to consumers the most. Understanding this data facilitates the streamlining of marketing initiatives and the creation of powerful marketing messages that increase leads and sales. Additionally, it aids in setting the product or service apart from rivals in the market.
Any marketing strategy must include product positioning, but it need not be restricted to a single demographic.
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A company's earnings after taxes are $200,000 and the firm pays preferred stockholders $18,000 in dividends. the company has 91,000 shares of common stock outstanding. earnings per share is equal to?
A company's earnings after taxes are $200,000 and the firm pays preferred stockholders $18,000 in dividends. the company has 91,000 shares of common stock outstanding. earnings per share is equal to $2 dollars per share
Pretax earnings are a company's income left over in the end operating expenses, including interest and depreciation, are deducted from total sales or revenues, but before income taxes are subtracted, 200,000 - 18,000 = 182,000, 182,000 / 91,000 = 2
When people speak about income and salary and tell you how much money they create, the numbers stockholders they mention are usually pre-tax numbers. The thing is, after you get paid, your salary gets paid post-tax.
Net income after taxes is calculated by taking revenue and subtracting all of a company's expenses and costs, including the following: Cost of products sold, which represents the prices involved.
As a result, this lowers the full income amount that's taxed, which reduces the income taxes the worker is liable for paying. Gross profit deducts costs of products sold (COGS). Operating profit factors in both COGS and every one.
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If the price of chicken increases and, as a result, you buy more pork and less chicken (even though the price of pork has not changed), then chicken and pork are:_____.
If the price of chicken increases and, as a result, you buy more pork and less chicken (even though the price of pork has not changed), Then chicken and pork are substitutes.
What is substitute?
A product or service that customers perceive to be substantially the same as or sufficiently comparable to another product is referred to as a substitute, or substitutable good, in economics and consumer theory. A product that can be used in lieu of another is known as a substitute.
So, as mentioned in question, Suppose you purchase more pork and less chicken as a result of rising chicken prices (even though the price of pork has not changed), Then chicken and pork are substitutes.
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Payments into a variable annuity contract are deposited to the insurance company's: ________
a. general account
b. special account
c. separate account
d. special memorandum account
The correct answer is (c) separate account.
Deposits made to variable annuities are made into a different investment account (i.e., one that is not part of the insurance company's main investment account). Shares of a chosen mutual fund are purchased using the separate account. The amount of the annuity received depends on how well the mutual fund shares performing in the separate account.
What is the function of a variable annuity?An agreement between you and an insurance company known as a variable annuity states that the insurer will pay you on a regular basis, either starting now or at a later time. A single purchase payment or a series of purchase payments are required to buy a variable annuity contract.
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Toshiba corporation makes computer chips. toshiba corporation would be classified as a?
Toshiba corporation makes computer chips. Toshiba corporation would be classified as a manufacturing company. Thus, option A is correct.
What is a corporation?An initiative called a corporation is one whose investors choose a board of trustees to manage its operations. These are the ones who can access the financial book of accounts.
A manufacturing company can be defined as one that produces food with respect to raw materials equipment techniques and Technology. These both can be finished products or semifinal product
The company of Toshiba is making computer chips, and that company can be called a manufacturing company. Therefore, option A is the correct option.
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The question is incomplete, the complete question will be:
Toshiba Corporation makes computer chips. Toshiba Corporation would be classified as a
A.manufacturing company.
B.service company.
C.simple company.
D.merchandising company.
A list containing the knowledge, skills, abilities, work experience, education, and training that defines the qualifications needed for a position is called a(n)?
When there is a list that contains the knowledge, skills, abilities, work experience, education, and training needed for a position, this is the Job Specification.
What is a job specification?A Job Specification refers to a list of requirements that are needed from a candidate who wants to apply for a certain position.
These requirements will include, but are not limited to, the knowledge, skills, abilities, and work experience that the person needs. Their educational qualifications and training will also be included most likely.
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Why is it important to track your income and your expenses?
because knowing whether you can afford your lifestyle or not is the first goal of financial literacy
because knowing whether you can afford your lifestyle or not is the only goal of financial literacy
because you need to by law
because your income will tell you how much money you can save
It is important to track your income and your expenses: A. because knowing whether you can afford your lifestyle or not is the first goal of financial literacy.
What are financial planning skills?Financial planning skills can be defined as the ability of an individual to determine the most appropriate (best) financing and investing activities for himself or herself, or a business firm after evaluating all available options.
What is financial literacy?Financial literacy can be defined as the ability of an individual to understand and use various financial skills, as well as investing, budgeting, and personal financial management, in order to be able to make most appropriate (best) financing and investing decisions.
Also, the first goal of financial literacy is for an individual to know and understand whether or not he/she can afford his or her lifestyle.
In this context, we can reasonably infer and logically deduce that it is important to track your income and your expenses: A. because knowing whether you can afford your lifestyle or not is the first goal of financial literacy.
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Answer:
1. the Finance Bar
2. because knowing whether you can afford your lifestyle or not is the first goal of financial literacy
3. cryptocurrency
4. your needs
5. your family priorities
6. movie tickets
7. -paying off a credit card
-saving for college
8. a payment to repair a car bumper after a collision
9. 26
10. Borrowing more than you can pay back, or borrowing more than is necessary.
11. A person's FICO score is 800 or more.
12. Increase the APR to 24% or higher and charge a late fee.
13. wire transfer
14. A and C
15. Deposits made after the closing date of the statement should be added to the closing balance of the statement.
16. "profit and loss (P&L) statement"
17. -billing costs
-commissions
18. No, early withdrawal of 401(k) money will incur a penalty.
19. Take-home pay exceeds spending.
Explanation: I took the Personal Finance Unit Test
Maximum income limits that reduce permitted contributions do not apply to:
i iras
ii spousal iras
iii roth iras
iv coverdell education savings accounts
a. i and ii
b. iii and iv
c. i and iii
d. ii and iv
The correct answer is (a) I and ii.
Maximum income limits that reduce permitted contributions do not apply to IRAs and spousal IRAs.
What are the Income Caps?The majority of federal and state housing assistance programs establish upper-income limits for people who are eligible to live in supported housing as well as upper rent and housing expense caps that may be applied to eligible residents, often depending on their salaries.
Savings Accounts and Roth IRA contributions decrease as income increases (so high-earning persons cannot contribute to these accounts). However, regular IRAs and spousal IRA contributions are not subject to an upper-income limit. The permitted contribution, however, might not be tax deductible if the contributor earns too much and is enrolled in another qualifying retirement plan.
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A company may discover additional sources of ________, by investigating possible integration moves
A company may discover additional sources of sales volume by investigating possible integration moves.
What is a sales volume?Basically, the sales volume means the number of units that a firm sells during a specific reporting period. The said period could be a month, quarter, year, all depending on what level of sales volume that the firm is seeking to analyze.
Most time, an investors frequently look at sales volume to assess the health of a growing or contracting company. In conclusion, the company may discover additional sources of sales volume by investigating possible integration moves.
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A fixed interest rate of _____ with _____ inflation will yield the highest rate of return for a lender.
A fixed interest rate of 8% with 1% inflation will yield the highest rate of return for a lender. Real interest rate and inflation premium are the two components that make up a nominal interest rate. The purchasing power of each dollar gradually decreases over time as an economy expands with inflation.
How Interest Rates Affect the U.S. Markets?Both positive and negative market effects can result from changes in interest rates. Central banks frequently adjust their target interest rates in reaction to economic activity, boosting rates when the economy is excessively robust and decreasing rates when the economy is weak.
The Federal Reserve Board (the Fed) in the United States is in charge of determining the target interest rate at which banks in the country lend and borrow money from one another (known as the federal funds rate), and this has an impact on the entire economy.
The stock market frequently reacts to changes in this interest rate more quickly even though it typically takes at least a year for them to be felt widely across the economy.
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Smokey company purchases a one-year insurance policy on july 1 for $13,308. the adjusting entry on december 31 is?
On July 1, Smokey Company pays $13,308 for a one-year insurance contract. Debit Rent Expense, $8,000; credit Prepaid Rent, $8,000; this is the adjusting entry for December 31.
What is insurance policy?An insurance contract, represented by a policy, provides financial protection or reimbursement from an insurance company in the event of a loss to the policyholder. In order to lower costs for the insured, the company pooled the money from its customers.
Plans for insurance are designed to guard against the possibility of both significant and minor financial losses brought on by damage to the insured's property or person, or by liability for injuries or damages to a third party.
An insurance policy is a contract that an insurer enters into to reimburse another party for losses brought on by particular risks or occurrences.
There are several varieties of insurance. The four most common types of insurance are life, health, home, and auto.
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A(n)___________ market includes the aspects of a customs union and allows factors of production to move freely among members.
A Common Market includes the aspects of a customs union and allows factors of production to move freely among members.
There is an expansion of the traditions association idea, with the extra component that it accommodates the free development of work and capital among the individuals.
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Ruskin suggests that consumers should make every effort to purchase beautiful things that are?
Produced by creative labor.
What Does "Consumer" Mean?What does the word "consumer" mean? Understanding customer behavior enables businesses to provide products that consumers need and want, increasing their sales and profitability. A company will probably experience losses if it does not comprehend what customers require or how they will react when a new product is introduced.
Consumer behavior, on the other hand, is incredibly complicated because it takes into account each person's unique personality, preferences, and attitudes, as well as their level of consumption. Consumers often face a change in their standard of living during economic downturns, which affects their preferences and level of consumption spending.
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A required reserve ratio of 7 percent gives rise to a simple deposit multiplier of?
A required reserve ratio of 7 percent gives rise to a simple deposit multiplier of 14.29.
What is reserve ratio?The reserve ratio is the percentage of reservable liabilities which commercial banks must keep rather than lend or invest. This is a requirement set by the country's central bank, which is the Federal Reserve in the United States. It is also referred to as the cash reserve ratio.
Some key points related to reserve ratio are-
The reserve requirement is the minimum amount of deposits that a bank must hold, and it is sometimes used interchangeably with the reserve ratio. Regulation D of the Federal Reserve Board establishes the reserve ratio. Regulation D established uniform reserve requirements with all deposit accounts with transaction accounts and necessitates banks to provide the Federal Reserve with regular reports.Suppose the Federal Reserve determined that the reserve ratio should be 11%. This means that if a bank has $1 billion in deposits, it must keep $110 million in reserve ($1 billion x.11 = $110 million).To know more about reserve ratio, here
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