Answer:
The correct answer is letter "D": $77 million; $8 million.
Explanation:
The U.S. Federal Reserve (Fed) establishes a minimum amount of money banks must have in front of unexpected demand. That minimum is called Bank Reserve. <em>The current bank reserve set by the Fed is 10% of the bank's demand and checking deposits.
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Excess reserves <em>is the amount of money banks have on top of the bank reserve</em> that cannot loan. As banks do not profit in interest with that amount of money, they do not tend to have much excess reserves.
In the case:
- Bank required reserve = $770,000,000 x 10%
- Bank required reserve = $77,000,000 = $77 million
- Excess reserve = $85,000,000 - $77,000,000
- Excess reserve = $8 million
Answer:
a. C. The experiment consists of n identical, independent trials, where there are only two possible outcomes, S (for Success) and F (for Failure). The probability of S remains the same from trial to trial. The variable x is the number of S's in n trials.
b. A. For any young adult, the probability that they own a mobile phone with internet access is p.
c. A. In a random sample of 500 young adults Upper E left parenthesis x right parenthesis E(x) will always be the number of young people surveyed that will own mobile phones with internet access.
Explanation:
A binomial random variable is mostly used to show the number of successful results in a repeated number of binomial experiments. Thus, we can infer that the variable 'x' has the properties of a binomial random variable. The expected value of the variable 'x' is equivalent to the probability-weighted mean of all possible values of x.
Answer:
d. Informational and persuasive.
Explanation:
Informational package labelling as the name implies gives details about the specific products which is aimed at convincing perspective buyers to buy. Here, the information about the product are well spelt out in the package labelling thus gives more about what the product is all about. The aim is to capture consumers mind so that they would eventually buy the products.
Persuasive package labelling as the name implies lay emphasis on logo or themes rather than information expected by consumers. Here, the idea is to create awareness about the product through its logo and special features such as promotional theme.
Answer:
₱ 16,300.054
Explanation:
The formula for calculating simple interest is as below.
I= p x r x t
In this case, p= 14,800, r = 4.35% and t is 2 years and 4 months
the interest rate is in years; we need to convert two years and four months to years.
=4 months = 4/12 of one year = 0.33
2 years 4 months = 2.33 year
I= 14,800 x 4.35/100 x 2.33
I= 14,800 x 0.0435 x 2.33
I=1,500.054
the amount in the bank will be principal plus interest
=14,800 + 1500
=16,300.054
One way to make the most of your money is to put any you have left over into your super
For many people, this is a tax effective way to save for the long term.
