The primary purpose of the legal reserve requirement is to:
A) Provide a dependable source of interest income for commercial banks. B) Prevent commercial banks from earning profitsC) Provide a means by which the monetary authorities can influence the lending ability of commercial banks. D) Prevent banks from hoarding too much vault cash.
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “The primary purpose of the legal reserve requirement is to: A) Provide a dependable source of interest income for commercial banks. B) ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers
You Might be Interested in
On January 1, 2018, Quinton Corporation issued 8% bonds with a face value of $100,000. The bonds are sold for $98,000. The bonds pay interest semiannually on June 30 and December 31, and the maturity date is December 31, 2022.
Answers (1)
A bank reconciliation proves the accuracy of the depositor's and the bank's records. The bank statement balance is adjusted for items such as outstanding checks and unrecorded deposits made on or before the bank statement date but not reflected on
Answers (1)
Ayayai Corporation has outstanding 400,000 shares of $10 par value common stock. The corporation declares a 100% stock dividend when the fair value of the stock is $63 per share.
Answers (1)
Play-It-Loud, LLC, provides music-streaming services online subject to complex pricing schedules. To control specific offers for the services and thus the resulting contracts, important terms to provide online include
Answers (1)
At January 1, Year 1, under its restricted stock unit (RSU) plan, Label Corporation grants RSUs representing 10,000 of its $1 par common shares to executives.
Answers (1)
New Questions in Business
A parcel delivery company delivered 103,225 packages last year, when its average employment was 85 drivers. This year the firm handled 112,260 deliveries with 92 drivers.
Answers (1)
Currency is? A. an adjective for current economic news B. Stocks and bonds C. paper bills and coins D. government-issued bank checks.
Answers (1)
An adjustment for Prepaid Rent would indicate the amount a. originally paid. b. expired. c. on hand. d. of the trial balance.
Answers (1)
What are the benefits of doing business in other countries?
Answers (1)
At allen and thomas architects, a group of designers are developing the first drawings for a proposed multiuse office development in an older section of a large city that is being revitalized. what type of work team is this group?
Answers (1)