Answer:
3%
Explanation:
Increase in money supply ($ billion) = Increase in reserves / Reserve ratio
Increase in money supply ($ billion) = 150 / 0.1
Increase in money supply ($ billion) = 1,500
Increase in price level = (Increase in money supply / 100) * 0.2
Increase in price level = (1,500/100) * 0.2
Increase in price level = 3%
Answer:
B) Quantitative
Explanation:
Quantitative questions collecting data often begin with "how many" or "how much."
<span>Frank Festa should take time and reflect on the history of management because as they say, learn from the past or you are doomed to repeat it. He can look back on situations that the bank faced and learn to recognize similar circumstances and warning flags so he can avoid repeating mistakes and prevent the bank from falling into another bankruptcy.</span>
