Answer:
the correct answer is C
Explanation:
First calculate the APR with quarterly compounding, which equals 8.62% then using a periodic interest rate of 8.62/4%, calculate the present value (PV) of an annuity of $54,000 for eight periods
If the required reserve ratio is equal to 10 percent, a single bank can increase its loans up to a maximum amount equal to 10 percent of its excess reserves.
<h3>What is the required reserve ratio?</h3>
The required reserve ratio is the percentage of deposits that commercial banks are required to keep with the Central Bank as reserve. The maximum amount a single bank can increase is a loan is equal to the inverse of the required reserve ratio.
Maximum amount of increase in loans = 1 / required reserve ratio
1/0.1 = 10
To learn more about required reserves, please check: brainly.com/question/26960248
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Answer:
1.) idk
2.) an island
3.) tell the m i can't but maybe some other time
4.) 17 maybe 18
5.) don't use social media
Hope This Helps! Have A Nice Day!!
B - he owns the business and is doing the physical work for it
