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svetlana [45]
2 years ago
15

In a simplified banking system where deposits are the only form of money and the reserve ratio is 0.2, the deposit multiplier wo

uld be _____.
Business
1 answer:
Rudiy272 years ago
3 0

Answer:

5

Explanation:

The deposit multiplier or money multiplier is calculated by dividing 1 by the reserve ratio.

Money multiplier = 1 / 0.2 = 5

The money multiplier refers to the capacity that banks have to create money.

For example, I deposit $10,000 into my savings account and the reserve ratio is 20%. The bank then loans $8,000 to my neighbor so that he can buy a new bike. The bike's seller will then deposit the $8,000 to his/her bank. The seller's bank will then loan $6,400 to another client that purchases something else. The seller of that something else will then deposit the money into their bank, and the story goes on and on.

All of those transaction were possible because I deposited $10,000 and the banking system created money by multiplying my deposit.

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Item 1 Lawrin is a real-estate salesperson whose compensation is commission-only. She earns a 3% commission on the sale price of
Lera25 [3.4K]

Answer:

Gross pay= $13,357.8

Explanation:

Giving the following information:

Gross commission= 3%

Sales= $445,260

<u>The gross pay is the amount earned before tax and other deductions. We need to use the following formula:</u>

Gross pay= commission rate*sales

Gross pay= 0.03*445,260

Gross pay= $13,357.8

7 0
2 years ago
Who set up a trust in order to establish Standard Oil as a monopoly? (Points : 3) James Duke Henry Flagler Charles Dudley Warner
Finger [1]
John d Rockefeller owned standard oil
5 0
3 years ago
Read 2 more answers
Paxton Company can produce a component of its product that incurs the following costs per unit: direct materials, $9.50; direct
mrs_skeptik [129]

Answer:

$7.50 per unit

Explanation:

Cost of buying from outside supplier = $33 per unit.

Relevant cost of making such component in-house = Direct materials+ Direct labor+ Variable overhead

= $9.50 per unit + $13.50 per unit + $2.50 per unit

= $25.50 per unit

Net incremental cost of buying the component = Cost of buying from outside supplier- Relevant cost of making such component in-house

= $33.00 per unit - $25.50 per unit

= $7.50 per unit

4 0
2 years ago
As a young child, Hermes suffered from severe allergies and required weekly visits to a clinic in order to receive injections. A
OverLord2011 [107]

Answer: Classic conditioning

Explanation: Classic conditioning is a state of mental disorder caused by some incident leading to phobias, sudden anger or sexual arousal.

In the given case, Hermes had a phobia to go to a doctor's office which is caused by some bad experiences in childhood. Thus, we can conclude that the behavior of hermes explained is an example of classic conditioning.

8 0
3 years ago
One of the least desirable and routine tasks members of your team must do is taking minutes (notes) at team meetings. Proof that
Setler79 [48]

Answer:

This question is incomplete, here is the complete question:

One of the least desirable and routine tasks members of your team must do is taking minutes (notes) at team meetings. Proof that this task is disagreeable can be seen in the repeated arguments among team members before every meeting about who should take the minutes. Which of the following would be the most effective way for the team to address this situation? Select: 1

a) Assign note-taking to whichever person enters last at each meeting.

b) Ask your manager to decide in order to minimize any personal bias among team members.

c) Randomly assign a person to be the official note-taker at the beginning of each meeting.

d) Create a rotating assignment so each team member shares note-taking

<u>The answer is d)</u>

Explanation:

Since bias and routine can be a big culprit for team effectiveness, it is up to the manager to control the level of uniformity and objectivity. Teams are all about equality and there is no reason why a particular team member should engage with a monotonous task more frequently than others.

Therefore, a rotating assignment is the way to get every team member engaged with the troublesome task.

Although team member bias would be avoided in the <em>b)</em> case, manager bias would still be present and unavoidable. The <em>a)</em> case is highly unprofessional and is an over-the-top gamification element in team management.

While <em>c)</em> may be a reasonable answer, random assignment can "favor" one person over the other at certain times, as the random algorithm doesn't always have to abide with the uniform distribution.

Having all of that in mind, d) is the best answer possible.

7 0
3 years ago
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