Answer:
8
Explanation:
the money multiplier = 1 / required reserve ratio = 1 / 0.125 = 8
The money multiplier refers to the capacity of the banking system to "create" money, e.g. John deposits $1,000 dollars in bank A. Then bank A lends $875 to Frank which buys a bike from Sarah. Then Sarah deposits the $875 in bank B, which in turn borrows $765.63 to Anne. Anne pays her rent to Adam, who deposits the money in bank C and then bank C lends $669.92 to Joe, and ...
Answer:
$7,900
Explanation:
Computation for the total budgeted general and administrative expenses budget per month.
Monthly projected general and administrative expenses :
Arministrative salaries $4,100
Other cash administrative expenses $1,500
Depreciation expense on the administrative Equipment $2,300
Total budgeted general and administrative expenses budget per month $7,900
($4,100+$1,500+$2,300)
Therefore the total budgeted general and administrative expenses budget per month will be $7,900
Answer:
c. the larger is the deadweight loss of the tax.
Explanation:
Supply is elastic if a small change in price has a greater effect on quantity supplied.
If a tax is imposed, and supply in elastic, the quantity supplied would fall.
Deadweight loss is when quantity supplied reduces as a result of tax.
If supply is elastic, the larger is the deadweight loss of the tax.
I hope my answer helps you
Credit Unions are not profit fiancial cooperatives whose earnings are paid back to members in the form of higher saving rates and lower rates Banks are for profit business with earning paid to stockholders only. Hope this Helps?
