1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
scoundrel [369]
3 years ago
11

Suppose you have $10,000 in your checking account. You withdraw $500 cash from your account and hide it under your pillow for fu

ture use. If the required reserve ratio is 10%, what will be the maximum impact on money supply today as a result of your action?
Business
1 answer:
trapecia [35]3 years ago
8 0

Answer:

The Money supply will decrease by $4,500

Explanation:

What will be the maximum impact on money supply today as a result of your action is that the Money supply will decrease by $4,500.

Since we assumed that you have $10,000 in your account in which you withdraw $500 cash from your account and hide it under your pillow for future use, therefore based this scenario or actions carried by you it means that your bank have fewer or lesser funds available to make loans which means the decrease will tend to affect the money supply.

Hence, you can easily calculate the effect by using the simple money multiplier.

You might be interested in
The effect of bulky or heavy products on transportation costs can make _______ an inappropriate strategy.
emmainna [20.7K]

Transportation costs can make exporting an inappropriate strategy.

<span>If a product is bulky or heavy, because of its weight or mass the transportation costs will obviously increase and make it more expensive, and unless the product carries an extraordinary high value-to-weight ratio the exporting strategy will be considered the least effective.</span>

3 0
3 years ago
"The objective of external auditing is to provide opinions on the reliability of the financial statements and provide opinions o
muminat

Answer:

A. True

Explanation:

4 0
2 years ago
In this video case, a manager is having an early morning meeting with his employees. This manager would have ________ by the aut
r-ruslan [8.4K]

Answer:

coerciveness

Explanation:

7 0
3 years ago
Nielsen Auto Parts had beginning net fixed assets of $218,470 and ending net fixed assets of $209,411. During the year, assets w
balu736 [363]

Answer:

Capital Expenditure during the year 40,706

Explanation:

opening assets                        =                  218470

less: Depriciation for the year =                  (42822)

less: Disposal of assets           =                   (6943)

less: Closin Assets                   =                   (209411)

Balancing figure additions       =                   40706

8 0
2 years ago
The following information relates to Sheridan Company for the year 2022.
aliina [53]

Answer:

a. Computation of net income

Particulars                                      Amount

Service revenue                            $52,500

Less: Expenses

Salaries and wages expenses      ($23,520)

Utilities expense                             ($2,600)

Rent expense                                  ($8,740)

Advertising expense                      <u> ($1,510)</u>

Net Income                                      <u>$16,130</u>

<u />

b. Computation of comprehensive income statement

Particulars                                            Amount

Net Income                                           $16,130

Add: Other Comprehensive Income  <u> $380    </u>

Comprehensive Income                      <u>$16,470</u>

Note: Dividend will not be included as it forms part of Income statement

5 0
3 years ago
Other questions:
  • The price of compact fluorescent light bulbs fell because of improvements in production technology. As a result, the demand for
    8·1 answer
  • Total revenue minus explicit and implicit costs is called ::
    15·1 answer
  • Alabaster Incorporated wants to be levered at a debt-to-value ratio of .6. The cost of debt is 9 percent, the tax rate is 35 per
    13·1 answer
  • ohn wants to start his own fruit juice and beverage company. He is aware of the large number of competitors in this industry and
    13·1 answer
  • Why do interest inventories compare your interests with the interests of others?
    8·2 answers
  • Many accounting professionals are skilled in financial analysis, but most are not skilled in manufacturing. This is especially t
    5·1 answer
  • According to the textbook, in which medium do advertisers spend the most money in
    10·1 answer
  • You are looking for part-time employment and posted your rĂ©sumĂ© to an online job site. One day you receive an e-mail from a co
    14·1 answer
  • Krisp Bite, a breakfast cereal manufacturer, has a storage facility to store sugar, corn, wheat, oats, rice, and barley before t
    9·1 answer
  • Is the ad trying to get people to do something? If so, what is it trying to get people to do? If it isn't trying to get people t
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!