Answer:
the size of M1 can only be a fraction of checkable deposits.
Explanation:
fractional reserve banking system requires that a fraction banks receive as deposits from customers be kept as reserves with the central bank and the rest be made out as loans.
M1 consists of coins, demand deposits and currency in circulation. Banks determine the money in circulation by giving out loans. so the size of M1 can only be a fraction of checkable deposits.
Answer:
4 years
Explanation:
It takes 4 years to accumulate the required amount.
Answer:
Detailed solution is given in the tabular form below:
Answer: Decentralized structure
Explanation: In simple words, it refers to the organisational structure in which most of the decisions regarding the operations are made by the managers working on mid and lower level. The top managers in such a structure takes only those decisions which are of highest priority to the organisation.
In the given case, Joanna is the lower level managers but still contributes frequently in decision making.
Hence we can conclude that her organisation has decentralized structure.
D I think is correct answer.
