Three banks are operating in a town under a statewide system of free banking. Bank A has $50 of Bank B’s currency. B has $40 of Bank C’s currency. And C has $30 of Bank A. a. Provide an order of reconciliation under bilateral trade requires the greatest amount of reserves? Show this result. b. Provide an order of reconciliation under bilateral trade requires the least amount of reserves? Show this result. c. Show how multilateral reconciliation through a clearinghouse will economize on reserves.

At the end of year 2, retained earnings for the baker company was $3,550. revenue earned by the company in year 2 was $3,800, expenses paid during the period were $2,000, and dividends paid during the period were $1,400. based on this information alone, retained earnings at the beginning of year 2 was:

Adrawback of short-term contracting as an alternative to making a component in-house is thata. it is the most-integrated alternative to performing an activity so the principal company has no control over the agent. b. the supplying firm has no incentive to make any transaction-specific investments to increase performance or quality. c. it fails to allow a long planning period that individual market transactions provide. d. the buying firm cannot demand lower prices due to the lack of a competitive bidding process.

Describe how to write a main idea expressed as a bottom-line statement