Answer: b. increases, the money multiplier decreases, and the money supply decreases
Explanation:
When the central bank raises the reserve requirement, the reserve ratio increase as banks will now hold more money as reserves. The Money multiplier decreases as Reserve ratio increase therefore when The reserve ratio increases the money multiplier will decrease which will then lead to a decrease in the money supply.
When Banks hold more money because of an increased reserve requirement, Money Multiplier and Money supply will decrease because each bank will have less funds available for loans.
Answer: review your strengths, weaknesses, and career goals
Answer:
Explanation:
<u>UNITS TO ACCOUNT FOR</u>:
Beginning Work in Process units 2,000
Add: Units Started in Process 7,500
Total Units to account for: 9,500
<u>Equivalent Units</u>:
UNITS Conversion cost
% Completion Units
Units completed 8500 100% 8,500
Ending Work in Process 1000 30% 300
Total Equivalent units 9500 <u>8,800
</u>
Answer:
There are benefits associated with running a partnership, both when compared to a sole trader and a limited company: Shared responsibility. Having more business owners allows the financial and operational responsibility for running the business to be sharedExplanation: The benefit of a partnership over a sole proprietorship is that you'll share the responsibilities, resources, and losses. On the other hand, you also split your profits, and you might face disagreements over how to run the business. One way to mitigate conflict is to create a partnership agreement.
The present economic system of the United States would be most accurately described as <u>free market economy</u> while the present economic system of China would be most accurately described as <u>socialist economic system</u> of China.
<h3>What is an
economic system?</h3>
This refers to the method used by a society to produce and distribute goods and services depending on their goals and values.
<h3>Types of
economic system:</h3>
- Traditional economy: This means an economic system in which people produce and distribute goods according to customs handed down from generation to generation.
- Command economy: This is an economic system in which the government makes all economic decisions.
- Market economy: This is an economic system in which individual choice and voluntary exchange direct economic decisions
- Socialism: This is an economic system in which the government owns some or all of the factors of production.
- Communism: This is an economic system in which the government owns all the factors of production and there is little to no political freedom
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