Explain the roles of financial intermediaries
Use 2 transactions in recent financial news to illustrate and explain the roles of financial intermediaries, and banks in particular, in these transactions.Furthermore, explain how these transactions would occur without a financial intermediary.
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The Friendly National Bank holds $50 million in reserves atits Federal Reserve District Bank. The required reserves ratio is12 percent. If the Friendly National Bank experiences a required reserves
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During 2012, Rafael Corp. produced 54,300 units and sold 38,010 for $14 per unit. Variable manufacturing costs were $7 per unit. Annual fixed manufacturing overhead was $114,030 ($3 per unit).
Use 2 transactions in recent financial news to illustrate and explain the roles of financial intermediaries, and banks in particular, in these transactions. Furthermore, explain how these transactions would occur without a financial intermediary.
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Calculate Liam's savings ratio, debt ratio and debt-payments ratio.
Carlo Company uses a predetermined overhead rate based on direct labor hours to apply manufacturing overhad to jobs. The company estimated manufacturing overhead at $255,000 for the year and direct labor hours at 100,000 hours.
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