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1 year ago

If the required reserve ratio is 10 percent, a $100 deposit will ultimately allow the banking system to create how much money?

1 answer:

Crank1 year ago

6 0

If the required reserve ratio exists 10 percent, a $100 deposit will ultimately allow the banking system to create $1,000.

<h3>What is the banking system?</h3>

A network or collection of institutions that offer financial services makes up a banking system. Commercial, national, and investment banks as well as credit unions might be a part of one of the main categories of banking systems.

The whole financial system depends on the banking sector. Offering infrastructure, financing, and investment has an impact on the national economy. The backbone of the world's economies is the banking sector. Any nation's economic development and growth are greatly influenced by its banking industry.

From the given information in the question, we get

1 / 100 = 10

100 x 10 = 1,000

If the required reserve ratio exists 10 percent, a $100 deposit will ultimately allow the banking system to create $1,000.

To learn more about the banking system refer to:

brainly.com/question/24122638

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Having had no prior knowledge of the market for his product sweater, what approach did Jack McCarthy of Ugly Christmas Sweaters

telo118 [61]

Answer:

When any company wants to sale their product without prior knowledge of the market then it's a disaster.

First thing Jack can do is "Test Marketing". If any company has no knowledge of market then fastest way to know your market is test marketing. Jack must put his sweaters in small quantity for sale at different locations. Test marketing needs to be done for whole week. Jack needs to collect the feedback from its customers too. Feedback is the way jack can know the market. Without knowing the market and customers, it's really hard to market or sale your product. Feedback from test marketing activity will actually give him market knowledge and customer's feedback.

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3 years ago

Seth has a monthly income of $2,500. He has a $400 car payment and owes $225 on electronic equipment. What is the percentage of

WITCHER [35]

Answer:

25%

Explanation:

Given:

Seth has a monthly income of $2,500

He has a $400 car payment

He owes $225 on electronic equipment.

Question asked:

What is the percentage of Seth's income he is paying out in debt payments?

Solution:

He has a car payment = $400

He owes on electronic equipment = $225

<em>These two items are treated as debt for Seth as these items are used first then pay for it.</em>

Total debt = $400 + $225

Total debt = $625

Now, we will find percentage of Seth's income he is paying out in debt payments,

$Percentage =\frac{Total \ monthly \ debt}{Total \ monthly\ income}$

$=\frac{625}{2500} \times100\\\\ =\frac{62500}{2500} \\\\ =25$

Therefore, 25% of Seth's income he is paying out in debt payments.

4 0

3 years ago

Classify this form of business:

Viktor [21]

Answer:

Limited Liability Partnership / Limited Liability Company.

Explanation:

Limited Liability Partnership: A limited liability relationship is a company in which certain or all members have defined obligations, based on the law. Consequently, it can show collaboration and organizational features. Each partner in an LLP is not accountable or liable for any wrongdoing or incompetence of another party.

Limited Liability Company: A limited liability company is a management structure whose proprietors are not personally responsible for the obligations or responsibilities of the business. Limited liability corporations are hybrid organizations that combine a company's features with that of a partnership or sole business entity.

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3 years ago

If patricia were to paint her living room alone, it would take 4 hours. her sister naomi could do the job in 5 hours. how long w

Mila [183]

Practicia completes the job in one hour = 1/4

Naoimi completes the job in one hour = 1/5

If Parcticia and Naoimi does it together,let us suppose in x number of hours.

The equation so form is:

(1/4)*x + (1/6)*x = 1 (i.e job finished)

The Least common multiple(LCM) of 4 and 6 = 12

12*(1/4)*x + 12*(1/6)*x = 12*1

Therefore, solving the equation we get,

3x + 2x = 12

5x = 12

x = 12/5

x= 2 2/5 hours or 2.24 hours

Therefore number of hours they took to complete the work is 2 hours and 24 minutes or 2.24 hours.

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3 years ago

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Karo-lina-s [1.5K]

Hello, i am doing this right now for a business class and the answer is B.) Outsorcing!!

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3 years ago

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