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xenn [34]
3 years ago
11

Which type of financial institution typically has membership requirements? AOnline Commercial Bank BCommercial Bank CFederal Res

erve Bank DCredit Union
Business
2 answers:
Fofino [41]3 years ago
6 0
Usually credit union does 
Nady [450]3 years ago
4 0

The answer is<u> "D. Credit Union".</u>


Credit unions are not-for-profit associations that exist to serve their individuals. Like banks, credit associations acknowledge stores, make advances and give a wide cluster of other money related administrations. But as part possessed and helpful foundations, credit associations give a sheltered place to spare and get at sensible rates.

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Suppose you win on a scratch‑off lottery ticket and you decide to put all of your $3,500 winnings in the bank. The reserve req
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Answer:

35000

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Explanation:

Reserve requirement is the portion of deposit received by banks that the central bank requires to be kept as deposit.

If $3500 is deposited and reserve requirement is 10%

reserves would increase by $3500 x 0.10 = $350

Increase in the total value of checkable deposit is determined by the money multiplier

Money multiplier = amount deposited / reserve requirement

3500 / 0.1 = 35000

If the banks keep excess reserves, the amount of money available to be loaned out would reduce and this would reduce the increase in money supply.

Also, if individuals keep the money at home, it would reduce the amount of money that can be loaned out by banks

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A business degree !
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