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3 years ago

6

Imagine that odyssey national is a brand new bank, and that its required reserve ratio is 10 percent. if it accepts a $1,000 dep

osit, then its required reserves balance will be:

2 answers:

Snezhnost [94]3 years ago

8 0

Hi there
Excess reserve balance is
1,000−1,000×0.1=900

Hope it helps

exis [7]3 years ago

6 0

Excess reserve balance is
1,000−1,000×0.1=900

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Myron gains, while the bank loses.

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Casper consumes cocoa and cheese. Cocoa is sold in an unusual way. There is only one supplier, and the more cocoa you buy from h

muminat

Answer:

The graph has been attached.

Explanation:

a. Please see attached graph with the shaded budget set labelled A

b. Please see attached. Curve C; D and E are the indifference curves. The most suitable one would be D since it is on the budget curve. E is not maximum utility and C is unattainable given his budget of $20.

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The Indifference curve that gives most utility is D, where cheese is 10 and cocoa is 5 units.

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