Answer:
Maximum money that bank can lend is $50,000
Explanation:
Given data:
Amount deposit is $10,000
reserve ratio is 0.20
Maximum money that bank can lend is calculated as
maximum money = (deposit - reserve)× money multiplier
money multiplier
money multiplier
and reserve is zero hence
maximum money = (10,000 - 0)× 5
maximum money = $50,000
Answer:
They cover issues such as ethical conduct, rule of law, efficiency and effectiveness, transparency, sound financial management and accountability.
Answer:
The people who make our money
Explanation:
There is a world-wide money shortage in America right now.
Regardless of Race, Families headed by single women are at high risk of poverty.
In today's society it's very common for both the husband and wife to work and combined their income to tend their family. According to data, average income of a family headed by single woman is only about $25,000 a year compared to $51,000 a year from households with both husband and wife
Answer:
under the age of 21 in many american states
Explanation: