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3 years ago

The Federal Reserve has set a 10% reserve ratio on all deposits.

Mathematics

2 answers:

ella [17]3 years ago

5 0

Answer: $ 81,000

Step-by-step explanation:

After ACC Spellman Company deposits its $ 100,000 into Itsa Bank, Itsa will have $ 90,000 as maximum allowable amount to loan to company B Bugle since it has to reserve 10% of the $ 100,000 or $ 10,000.

When That There Bank receives the $ 90,000, it can loan out $ 81,000 as a maximum amount and reserve $ 9000 ( 10% of 90,000) .

NISA [10]3 years ago

5 0

Answer:

Step-by-step explanation:

10% of $100,000

10/100*$100,000

0.1*$100,000

$10,000

Reserve ratio refers to a percentage of cash deposit that must be kept by the bank.

So, $10,000 is the amount to be kept by the bank.

To find the total amount loanable to Company B Bugle, Inc.

Total bank deposit- reserve ratio

$100,000-10,000

=$90,000 is the total amount loanable to Company B Bugle, Inc.

If Company B Bugle, Inc. deposit the total loan into the bank ($90,000)

The reserve ratio is 10% of $90,000

10/100*$90,000

0.1*$90,000

$9,000(reserve ratio)

Total loanable amount is

Total deposit-reserve ratio

$90,000-$9000

=$81,000

$81,000 could be loaned out to any other bank customer.

Due to multipliers effects, the bank could loan out a total of $171,000.($90,000 to Company B Bugle, Inc. and $81,000 to another bank customer).

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3 years ago

Read 2 more answers

Listed below are the ACT scores of 40 randomly selected students at a major university. (Use technology if you wish, Excel) 18 1

tiny-mole [99]

Answer:

A) See the picture

B) 14

C) 45%

Step-by-step explanation:

A) To create a histogram like the one on the picture you can use an online tool like socscistatistics where the number of classes is customizable

B) Because the question B and C have to be responded using a frequency table with 8 classes the answer is 14; the method of using cumulative frequency tables should only be considered as a way of estimation, that is because you obtain values that depend on your choice of class intervals. The way to get a better answer would be to use all the scores in the distribution

Pc1 = 100*(4/40) = 10

Pc2 = 100*(4/40) = 10

Pc3 = 100*(3/40) = 7.5

Pc4 = 100*(11/40) = 27.5

Pc5 = 100*(5/40) = 12.5

Pc6 = 100*(4/40) = 10

Pc7 = 100*(7/40) = 17.5

Pc8 = 100*(2/40) = 5

Pc8 + Pc7 + Pc6 + Pc5 + Pc4 + Pc3 + Pc2 = 90%

Therefore, From class 8 to class 2 is the top 90% of the applicants and the minimum score is 14.

C) Scores equal to or greater than 20 are from class 8 to class 5

Pc8 + Pc7 + Pc6 + Pc5 = 45%

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3 years ago

The cost of a laptop computer in 2007 was $1,250. In 2009, the price decreased to $1,100.

sashaice [31]

Given : The Cost of Laptop in 2007 is $1250

Given : The Cost of Laptop in 2009 is $1100

Decrease in Price of Laptop from 2007 to 2009 : (1250 - 1100) = $150

A) Percent Decrease in the Price of the Laptop from 2007 to 2009 is :

$\mathsf{\implies \frac{Decrease\;in\;Price\;of\;Laptop\;from\;2007\;to\;2009}{Price\;of\;Laptop\;in\;2007} \times 100}$

$\mathsf{\implies \frac{150}{1250} \times 100}$

$\mathsf{\implies 12\%}$

Given : Decrease in Price of Laptop from 2009 to 2010 = $165

B) Percent Decrease in the Price of the Laptop from 2009 to 2010 is :

$\mathsf{\implies \frac{Decrease\;in\;Price\;of\;Laptop\;from\;2009\;to\;2010}{Price\;of\;Laptop\;in\;2009} \times 100}$

$\mathsf{\implies \frac{165}{1100} \times 100}$

$\mathsf{\implies 15\%}$

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2 years ago

A quadratic polynomial the sum of whose zeros is -3 and product is -10

alukav5142 [94]

Answer:

2 and -5 i think

Step-by-step explanation:

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2 years ago

A business organization needs to make up a 7 member fund-raising committee. The organization has 6 accounting majors and 7 finan

photoshop1234 [79]

Answer: 658 ways.

Step-by-step explanation:

To find the number of ways the number "r" items can be chosen from the available number "n", the combination formula for selection is used. This formula is denoted as:

nCr = n! / (n-r)! × r!

Where n! = n×(n-1)×(n-2) ... ×3×2×1.

If we have 6 accounting majors and 7 finance majors and we are to choose a 7-member committee from these with at least 4 accounting majors on the committee, then the possibilities we have include:

[4 accounting majors and 3 finance majors] Or [5 accounting majors and 2 finance majors] or [ 6 accounting majors and 1 finance major].

Mathematically, this becomes:

[6C4 × 7C3] + [6C5 × 7C2] + [6C6×7C1]

525 + 126 + 7 = 658 ways.

Note: it is 6C4 because we are choosing 4 accounting majors from possible 6. This applies to other selection possibilities.

8 0

3 years ago