Money supply = Currency in circulation + Checkable deposits.=600 + 900 = 1500 Billion
Current deposit ratio = Currency in Circulation/ Checkable deposits. = 600/900 = .667
Excessive reserve ratio = Excess Reserves/Checkable deposits.= 15/900 = .0167
Money multiplier = (1 + C)/(rr + ER + C)= (1 + .667)/ (.0278 + .0167 + .667) = 2.343
Answer:
False
Explanation:
The Otis Self-Administering Test of Mental Ability was the first group-administered mental ability test to have widespread use in industry.
This test was first developed in 1922 by Arthur Otis. It was first designed to measure students' general school abilities. Otis's first tests were designed for the Army in 1917 and were known as the Alpha tests (for those who could read) and the Beta tests (for those who couldn't read).
Nirav recently opened a savings account offering 2% annual compound interest, this means that Nirav will earn the same amount of interest each year for four years.
<h3>What is a saving account?</h3>
An account at a retail bank is formally called as a savings account. This is a type of account that person granted a person that his money is safe in a particular bank. Refer to the image below for the complete question.
The given case tells about that <u>what would be the impact</u> of savings account offering 2% annual compound interest on Nirav, then he will earn the same amount of interest compounded each year for four years.
Learn more about the interest, refer to:
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Actually the role of complement products is to enhance the
satisfaction that is given with the other product. For example, the complement
of a loaf of bread would be peanut butter or a strawberry jam. The amount of
satisfaction is enhanced when eating bread with peanut butter. Therefore the
answer is:
<span>D. complements add value to a product when they are consumed
in tandem with it</span>
Option 'C' is correct
<u>Explanation:</u>
Present value of an ordinary annuity of $1
The present value of an annuity is the current value of future payments from an annuity, given a specified rate of return or discount rate.

The future estimation of cash is determined by utilizing a rebate rate. The markdown rate alludes to a financing cost or an accepted pace of profit for different speculations. The littlest markdown rate utilized in these figurings is the hazard free pace of return. U.S. Treasury bonds are commonly viewed as the nearest thing to a hazard-free venture, so their arrival is regularly utilized for this reason.