Answer:
$600 billion
Explanation:
Given that,
Currency held by the public = $100 billion
Reserves held by banks = $50 billion
Bank deposits = $500 billion
The money supply refers to the total money in the circulation.
Therefore, the total money supply is as follows:
= Currency held by the public + Deposits with the bank
= $100 billion + $500 billion
= $600 billion
Answer:
(a) American Eagle is a monopolistically competitive market (b) Burger king is a monopolistically competitive market (c)Merck's cholesterol-fighting drug is a monopoly market (d)your local electric company is a monopoly market. (e) a farmer who grows corn is a competitive market
Explanation:
Solution
American Eagle : It is Monopolistic Competitive. There are many firms which is of one of the number of clothing and accessories retailers in the market where no business have total control over market.
Burger king:This is a monopolistic competitive market as there are many producers who sell same product but they are differentiated by branding.
Merck's cholesterol fighting drug: This is a monopoly market as there is one firm that produce this drug
.
Local electric company: It is a monopoly market as it is owned by a local loop where it is the only source for the particular locality
The stock market: It is a competitive market as there are large number of producers who want to earn profits .Here the market prices varies depending on competition
.
A farmer who grows corn: It is a competitive market because there are so many people who grows corn and sell in the market.Here the market prices varies depending on competition
Answer:
104.50
Explanation:
11 × 5 = 55
11 × 1.5 (time and a half) = 49.50
55 + 49.50 = 104.50
have a good day :)
Answer:Current Ratio=4.5
Explanation:
Current Ratio = Current Assets / Current Liabilities
Current assets = Cash + Marketable Securities + Accounts and Notes Receivable+ Inventories + Prepaid expenses
= $280,000 +$131,000 + $395,000 + $570,000 + 19,000=$1,395,000
Current liabilities = Accounts and Notes Payable (short-term) + Accrued Liabilities
=$250,000 + $60,000= $310,000
Current ratio = $1,395,000 / $310,000= Current Ratio
