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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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Mr.Akhil (55 years) paid mediclaim for self and family Rs.40,000 and for parents (80 years) Rs.60,000. What will be the deductio

Dominik [7]

In order to claim the deduction under Section 80D, the expenditure needs to be made in any means other than cash. Although the expenditure on preventive health check-ups is allowed to be incurred in cash. The deduction for the following expenses are available under section 80D:

A. Medical insurance premium paid for yourself & your family. Rs. 25,000 Rs. 50,000 (in case of senior citizen)

B. Medical insurance premium paid for your parents. Rs. 25,000 Rs. 50,000 (in case of senior citizen)

C. Expenditure on preventive health check-up. Rs.5,000

D. Medical expenditure of senior citizens or super senior citizens. Rs.50,000

E. Contribution to CGHS/notified scheme. Rs.25,000 Rs.50,000(in case of senior citizen)

Maximum amount of deduction (A+ B+C+D+E) Non-senior citizens(Self & family and Parents) Senior Citizens (Self & family and Parents) Self & family (Non-senior citizens)Parents(Senior Citizens) Rs.25000+Rs.25000= Rs.50,000

Rs.50000+Rs.50000=Rs.1,00,000

Rs.25000+Rs.50000=Rs.75,000

Hence, the deduction available is his total paid minus expected paid which is Rs. 40000 + Rs. 60000 = Rs. 100000 - (A+ B+C+D+E) = Rs. 150000

<h3>What is Section 80D?</h3>

Section 80D permits the deduction for money spent on taking care of one's health and health insurance. Section 80D claims great significance in one's tax planning and personal finance.

Therefore, the correct answer is as given above

learn more about Section 80D: brainly.com/question/14585764

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3 0

2 years ago

A furniture factory produced 1600 standard chairs in eight days. If the factory employed five workers, what was the labor produc

kari74 [83]

Answer:

A. 40

Explanation:

Calculation for what was the labor productivity, in chairs per worker per day

Using this formula

Labor productivity per day =Company Per day output/ Number of labor

Let plug in the formula

Labor productivity per day= 1600/8 days×5 workers

Labor productivity per day=1,600/40

Labor productivity per day= 40

Therefore the Labor productivity per day will be 40

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3 years ago

The Japan Airlines CEO's behavior has been unordinary according to usual industry practices. He doesn't have a corporate jet, as

cupoosta [38]

Answer:

Organizational culture

Explanation:

Remember, the CEO holds a leadership role in which he could influence the culture of the organization.

Therefore, by removing the lavish lifestyle common among other CEOs from himself, Japan Airlines CEO is acting as a role model for other employees, so as to mould an organizational culture where workers avoid excessive spending of company money on personal nonessential things.

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3 years ago

Juan is speaking at a senior center about the advantages of buying items online. Knowing that many of his listeners no longer dr

coldgirl [10]

Answer: Relating the topic to the audience

Explanation: Juan is applying the concept of relating the idea to the audience, when she made the illustration that buying items online would be more convenient and eliminates the need to go to the store to make purchases.

Relating the topic to the audience, is a method used to make a message clearer by relating it to the day to day lives of the audience.

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3 years ago

Which economic utility increased when fast-food restaurants began accepting credit.

Alborosie

Answer:

Possession utility

Explanation:

Possession utility is the value consumers derive from purchasing a good and there is an option for them to make use of the good for the primary function it was made to perform or when it is possible to make use of the good in another way.

The possession utility of a product can increase when a customer is given a means of finance that affords him an immediate enjoyment of a commodity by paying little or no money for it.

Therefore, possession utility increased when fast-food restaurants began accepting credit.

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3 years ago

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