Answer: B. 1/R, where R represents the reserve ratio for all banks in the economy.
Explanation:
The Money Multiplier is the money that Banks generate given a certain RESERVE REQUIREMENT/RATIO.
A Reserve Requirement is money that the Central Bank requires that Banks do not loan out and instead keep in reserve.
For example, if the reserve rate is 10% and a bank has $10 they can only loan out $9.
Assuming they loan out $9 then they created $19 in the economy because their customers still own the original $10 but now they have also given loans of $9. The people who take the loans then deposit it in another bank. That bank would keep $0.90 in reserve and loan out $8.10 meaning that $27.10 now exists in the economy.
The process goes on and on until it gets to $100.
A simpler way to get to the final figure is to divide 1 by the reserve requirement = 1/r which is the money multiplier.
Using the above example, that would be 1/0.1 which is 10.
Multiplying this 10 by the initial deposit of $10 will give you that same $100.
Dumping is the ILLEGAL selling goods in a foreign market at a price that is far below the cost of production
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Explanation:
Answer: C. The court concluded that Microsoft violated the Sherman Act
Explanation: The case between United States v. Microsoft Corporation which took place at the
United States Court of Appeals for the District of Columbia Circuit during the period February 26–27, 2001 and was finally decided June 28, 2001.
It was decided by the District Court that Microsoft violated the Sharma Antitrust Act of 1890.
Answer:
Glossary
Explanation:
Business functions are the activities carried out by an enterprise; they can be divided into core functions and support functions