If the required reserve ratio is equal to 10 percent, a single bank can increase its loans up to a maximum amount equal to 10 percent of its excess reserves.
<h3>What is the required reserve ratio?</h3>
The required reserve ratio is the percentage of deposits that commercial banks are required to keep with the Central Bank as reserve. The maximum amount a single bank can increase is a loan is equal to the inverse of the required reserve ratio.
Maximum amount of increase in loans = 1 / required reserve ratio
1/0.1 = 10
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Answer:
a type of purchasing contract in which the price of a good or service is tied to the cost of some key input(s) or other economic factors, such as interest rates.
Explanation:
A contract can be defined as an agreement between two or more parties (group of people) which gives rise to a mutual legal obligation or enforceable by law.
There are different types of contract in business and these includes: fixed-price contract, cost-plus contract, bilateral contract, implies contract, unilateral contract, adhesion contract, unconscionable contract, option contract, express contract, cost-based contract, etc.
A cost-based contract is a type of purchasing contract in which the price of a good or service is tied to the cost of some key input(s) or other economic factors, such as interest rates.
Price can be defined as the amount of money that is required to be paid by a buyer (customer) to a seller (producer) in order to acquire goods and services.
In sales and marketing, pricing of products is considered to be an essential element of a business firm's marketing mix because place, promotion and product largely depends on it.
Answer:
a) complete crowding out.
Explanation:
This is an example of crowding out effect, when government increases it's involvement in a market, such that it reduces private sector investment, it is called crowding out
Answer:
3. Planning, and controlling & evaluation are considered as the two sides of a coin. Discuss why they are considered like this with examples
Explanation:
..........who will have completed fewer than 12 YEARS OF SERVICE or a reserve component member who will have fewer than 4320 RETIREMENT POINTS as of December 31, 2017. This is part of the rules that regulated blended retirement system which prepares retirement funds for people in service.
