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Tatiana [17]
2 years ago
7

Suppose that you deposit $4,500 in your bank and the required reserve ratio is 18 percent. the maximum loan your bank can make a

s a direct result of your deposit is:___________
Business
1 answer:
NNADVOKAT [17]2 years ago
6 0

Suppose that you deposit $4,500 in your bank and the required reserve ratio is 18 percent. The maximum loan your bank can make as a direct result of your deposit is 3690.

<h3>What exactly is a bank loan and the required reserve ratio?</h3>
  • A loan is a quantity of money that one or more people or businesses obtain from banks or other financial organizations in order to handle their finances in connection with anticipated or unforeseen circumstances.
  • By doing this, the borrower creates a debt that must be repaid with interest within a predetermined time frame.
  • The percentage of deposits that authorities mandate a bank maintain in reserves and refrain from lending out is known as the required reserve ratio.
  • If the required reserve ratio is 1 to 10, a bank can only lend out $0.90 of every dollar it has on deposit, but it must retain $0.10 in reserves.

Hence, The maximum loan your bank can make as a direct result of your deposit is 3690.

To learn more about the loan, refer to the following link:

brainly.com/question/25599836

#SPJ4

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markup 200% over cost

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Explanation:

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How will a reduction in the price of cotton (a key resource to make jeans) influence the market for blue jeans?
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d. The cost of producing blue jeans will fall, and the supply curve for blue jeans will shift to the right

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I hope my answer helps you

5 0
3 years ago
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b. deliver the goods to a particular destination.

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Yes, they are. You can just cut off the end and use it like nothing happened! :)

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