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poizon [28]
3 years ago
6

Assume the reserve requirement is 10%. First National Bank received a deposit of $5,400. If there no slippage, how much could th

e money supply expand?
Business
1 answer:
natta225 [31]3 years ago
4 0
<span>Reserves fall by $1,000, checkable deposits fall by $10,000, and the monetary base remains uncharged.</span>
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However, there can also be downsides to price ceilings. While they stimulate demand, price ceilings can also cause shortages. Where the ceiling is set, there is more demand than at the equilibrium price. This means that the amount of the good or service supplied is less than the quantity demanded.

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2 years ago
Cindy has been working for 8 years, and she’s built up a huge emergency fund -- $45,000, which would be 6 months of her salary.
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Answer with Explanation:

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If the inflation rate is higher than the return paid on the current account then it is better to invest in commodities like gold, petroleum products, etc, that are often termed as speculative investments.

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6 0
3 years ago
Arthur is a truck driver who owns his own business. He has been on the road for several months, and the constant wear and tear o
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Answer:

<u>Letter B is correct</u>. Will be reduced.

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About _____ percent of adults over age 90 have lost all functional vision.
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7%........................

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3 years ago
Opal Inc. used $213,000 of direct materials and incurred $111,000 of direct labor costs during 2015. Indirect labor amounted to
alex41 [277]

Answer

The answer and procedures of the exercise are attached in the following archives.

Step-by-step explanation:

You will find the procedures, formulas or necessary explanations in the archive attached below. If you have any question ask and I will aclare your doubts kindly.  

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3 years ago
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