A black market is A. a market in which buying and selling take place at prices that violate government price regulations. B. ver
1 answer:
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Answer:
The fed needs to purchase bonds worth $20 from the banks to increase money supply by $200.
Explanation:
The Federal Reserve wants to increase the money supply by $200.
The reserve requirement is 10%.
The fed can increase the money supply by purchasing bonds from commercial banks.
The money supply will increase by money multiplier times worth of bonds.
Increase in money supply =
$200 =
Worth of bonds =
Worth of bonds = $20
So the fed needs to purchase bonds worth $20 from the banks to increase money supply by $200.
Answer:
the probability that exactly 8 complete the program is 0.001025
Explanation:
given information:
60 % of those sent complete the program, p = 0.6
the total of people being sent, n = 27
exactly 8 complete the program, x = 8
to find the probability, we can use the following formula
= 0.001025