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slega [8]
1 year ago
15

If the required reserve ratio is 10 percent, currency in circulation is $400 billion, checkable deposits are $800 billion, and e

xcess reserves total $0.8 billion, then the m1 money multiplier is:________
Business
1 answer:
Ksju [112]1 year ago
3 0

The required reserve ratio is 10 percent, currency in circulation is $400 billion, checkable deposits are $800 billion, and excess reserves total $0.8

If the required reserve is 10%, the currency reserve multiplier is 10 and the currency supply should be 10 times the reserve. A reserve requirement ratio of 10% also means that banks can lend out 90% of their deposits.

The reserve ratio can be calculated by simply dividing the amount a bank must hold in reserves by the amount the bank has on deposit. For example, if he has $10 million in bank deposits and needs to hold $500,000 in reserves, the required reserve ratio is 1/20, or 5%.

The ratio of required reserves to deposits. A reserve ratio of 10% means that banks must hold 10% of their deposits as a reserve.

Learn more about reserve ratio at

brainly.com/question/13758092

#SPJ4

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There are many factors that affect an organization. Which factor influences an organization’s structure?
g100num [7]

"Although many things can affect the choice of an appropriate structure for an organization, the following five factors are the most common: size, life cycle, strategy, environment, and technology."

3 0
3 years ago
A commercial cleaning company spends an average of $500 per year, per customer, in supplies, wages, and account maintenance. An
Sonbull [250]

Answer:

$1,250

Explanation:

Calculation for what is the best estimate for the lifetime value of an average customer using the simplified customer lifetime value (CLV) equation

Using this formula

Customer lifetime value (CLV) = r / (1 + i - r)

Let plug in the formula for

Customer lifetime value (CLV) = 0.8 / (1 + 0.12 - 0.8)

Customer lifetime value (CLV) = 2.5

Customer lifetime value (CLV) =($1,000-$5,00)× 2.5

Customer lifetime value (CLV) = $500 x 2.5

Customer lifetime value (CLV) = $1,250

Therefore the best estimate for the lifetime value of an average customer using the simplified customer lifetime value (CLV) equation will be $1,250

5 0
3 years ago
In deciding who should chair the wellness committee, several members identified Ian, a tall, handsome 40-ish staff accountant wi
lina2011 [118]

Answer:

a. Traits approach

Explanation:

It is correct to state that the committee members were operating under the leadership traits approach, which corresponds to the collective perception of an individual's personality through their personal characteristics that are outstanding and that make them stand out among other individuals.

As in the case of Ian, who was perceived by many members as a person with a lively sense of humor, as someone who would do a good job.

7 0
3 years ago
Data on consumer spending per capita or industrial purchasing trends would be identified in the ________ section of a global mar
larisa [96]

Answer:

The right approach will be "Economic".

Explanation:

  • Both of the economic conditions that shape the market as well as customer behavior are the emphasis or objective including its economic climate.
  • These variables could be used to forecast the path during which the economy will change the potential for customer demand and the much-needed market pattern or study.
8 0
3 years ago
Emerald Printing Company projected the following information for next year:
elena55 [62]

Answer:

$200,000

Explanation:

Selling price per unit = $60.00

Contribution margin per unit = $45.00

Total fixed costs = $150,000

Tax rate = 30%

Contribution margin ratio = Contribution margin ÷ Selling price

                                           = $45 ÷ $60

                                            = 0.75

Hence,

Break-even point =Total Fixed costs ÷ Contribution margin ratio

                              = 150,000 ÷ 0.75

                              = $200,000

5 0
3 years ago
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