
Intermediate Accounting: Reporting And Analysis
3rd Edition
ISBN: 9781337788281
Author: James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher: Cengage Learning
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how do you calculate the average daily reserve required under the rules effective in 2013 if the most recent reserve computation period is $345 million and the maintenance period is $5.9 million?
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The Bima insurance has reported the following statement of financial position for the year ended 2012.
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Sh ‘M’ Rate
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On April 2, 2020, shortly after the $7.5 million deposit outflow, Key Bank had borrowed the needed fund in the fed funds market to cover the shortfall in reserves for the remainder of the month (29 days, from 4/2 to 4/30). The required yield on a discount basis was 1.5%.
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Group of answer choices
1.76%
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Group of answer choices
The bank's tier 1 capital, but not total capital, meets the minimum requirement.
The bank's total capital, but not tier 1 capital, meets the minimum requirement.
Neither tier 1 capital nor total capital of the…
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Group of answer choices
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$71,875,523.96
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