If you withdraw $1,500 from your checking account and the required reserve ratio is 20 percent, then the bank's Instructions: Enter your responses as a whole number. a. Total deposits by $ . b. Required reserves by $ . c. Excess reserves by $ . If you deposit a $4,000 check in your checking account and the required reserve ratio is 20 percent, then the bank's Instructions: Enter your responses as a whole number. d. Total deposits by $ . e. Required reserves by $ . f. Excess reserves by $ .

Sarah borrowed $16,500 on may 23 with interest due on september 3. if the interest rate is 9%, find the interest on the loan using exact interest and ordinary interest.

When earning simple interest on money you invest, which statement is true? a. as time goes on and your bank account grows, you earn more interest. b. as time goes on and your bank account grows, you earn less interest. c. as time goes on and your bank account grows, you earn the same amount of interest. d. as time goes on and your bank account grows, you stop earning interest.

Which of the following mechanisms would be most likely to motivate managers to act in the best interests of shareholders? a) decrease the use of restrictive covenants in bond agreements, b) take actions that reduce the possibility of a hostile takeover, c) elect a board of directors that allows managers greater freedom of action, d) increase the proportion of executive compensation that comes from stock options and reduce the proportion that is paid as cash salaries, e) eliminate a requirement that members of the board directors have a substantial investment in the firm's stocks