subject
Business, 25.06.2020 02:01 Reijected

Suppose Ginger deposits $5,000 in cash into her checking account at the Bank of Skidoo. Show this transaction in a T-account for the Bank of Skidoo. Bank of Skidoo

Assets Liabilities
Reserves$ Deposits $

The Bank of Skidoo has no excess reserves and is subject to a 6 percent required reserve ratio. Assume the Bank of Skidoo makes the maximum loan possible from Ginger's deposit to Thurston. Show this transaction in a new T-account for the Bank of Skidoo.

Bank of Skidoo

Assets Liabilities
Reserves$ Deposits $

Thurston decides to use the money he borrowed to purchase a sail boat. He writes a check for the entire loan amount to âGilligan's Seagoingâ Vessels, which deposits the check in itsâ bank, the Paradise Bank ofâ Kona, Hawaii. When the checkâ clears, the Bank of Skidoo transfers the funds to the Paradise Bank. Show these transactions in a newâ T-account for the Bank of Skidoo.

The maximum amounts of deposits that can be created from Ginger's initial deposit is $
The maximum amounts of loans that can be created from Ginger's initial deposit is $

ansver
Answers: 1

Another question on Business

question
Business, 22.06.2019 14:20
For the year ended december 31, a company has revenues of $323,000 and expenses of $199,000. the company paid $52,400 in dividends during the year. the balance in the retained earnings account before closing is $87,000. which of the following entries would be used to close the dividends account?
Answers: 3
question
Business, 22.06.2019 21:50
By which distribution system is more than 90 percent of u.s. coal shipped? a. pipelinesb. trucksc. waterwaysd. railroadse. none of the above
Answers: 1
question
Business, 23.06.2019 00:00
Review the key ethical and social issues over the last five decades and place each on the timeline in chronological order. note that once you complete this part of the question, you will be unable to adjust your answers.
Answers: 3
question
Business, 23.06.2019 02:30
When the price of pencils increases from $1.50 to $2.50, there is an increase in quantity demanded of pens from 100 to 150. the cross-price elasticity of demand between pencils and pens is: ?
Answers: 3
You know the right answer?
Suppose Ginger deposits $5,000 in cash into her checking account at the Bank of Skidoo. Show this tr...
Questions
Questions on the website: 13722362