1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Crank
3 years ago
14

Assume that $1 million is deposited into a bank with a reserve requirement of 15 percent. The value of the money multiplier is 6

.67.
What is the maximum change in money supply as a result of this deposit? (Round your answer to two decimal places.)
Business
1 answer:
Kryger [21]3 years ago
6 0

Answer:

maximum change in money supply is $6.67 million

Explanation:

given data

deposit = $1 million

reserve requirement = 15%

money multiplier = 6.67

to find out

maximum change in money supply

solution

we know here money multiplier is given =  6.67

so maximum change in money will be

maximum change = deposit × money multiplier

put here value

maximum change = $1 million × 6.67

maximum change = $6.67 million

so maximum change in money supply is $6.67 million

You might be interested in
Collection of projects, reports, exams, awards and other evidence of past experience and accomplishments which may serve as a su
Lady bird [3.3K]

Answer:

A)Career Portfolio

Explanation:

Career portfolio can be regarded as digital display of one's professional experience as well as accomplishments. It is usually used in planning, organizing as well as documentation of Educational, skills and work sample. It can be used when applying for jobs and training programs. It gives in-depth information compare to than a resume. It should be noted that Career Portfolio is Collection of projects, reports, exams, awards and other evidence of past experience and accomplishments which may serve as a summary of an individual’s interests and abilities and give a viewer an in-depth understanding of the individual’s personality and creativity.

4 0
2 years ago
Dave Fletcher was able to determine the activity times for constructing his laser scanning machine. Fletcher would like to deter
skelet666 [1.2K]

Answer:

  • Project completion time: 21 weeks
  • Critical Path: B - E - G
  • ES, EF, LS, LF are shown below

Explanation:

The earliest start is the latest of the earliest finish times of the predecessors. The earliest finish is the sum of earliest start and duration.

The latest finish is the earliest of the latest start times of the successors. The latest start is the difference of latest finish and duration.

The slack is the difference between earliest start (or finish) and latest start (or finish).

Project duration is the earliest start of the "Project Done" task. For purposes of computing slack, this (project duration) is taken to be the latest finish of the immediate predecessors.

The critical path is the sequence of tasks with 0 slack.

8 0
2 years ago
In a free-market economy, a product which entails a positive externality will be: overproduced underproduced produced at the opt
OLga [1]
It would be under-produced. <span />
3 0
3 years ago
PLEASE ive been asking for days i need help with this i don't understand it
timama [110]

Answer:

$47

Explanation:

Because she can afford the 144 bushel plan, in the long run it is cheaper per bushel so you would choose to market that one to her because it is cheaper in the long run for as well as she grows more bushels.

8 0
3 years ago
It is important to shop around for credit because banks and financial institutions?
Nat2105 [25]
Number 2 charge different fees
3 0
3 years ago
Read 2 more answers
Other questions:
  • Kathy has found out everything she can about a newly qualified lead. She has practiced making her sales presentation and has det
    10·2 answers
  • Who among the following is associated with contributions to quality control in operations management? Henry Ford Charles Babbage
    15·1 answer
  • Drag each label to the correct location on the table. Match the companies to their business categories.
    6·1 answer
  • When an externality is present, the market equilibrium is a. efficient, and the equilibrium maximizes the total benefit to socie
    10·1 answer
  • Two years ago, you invested $1,000 in a healthcare stock. Your return during the first year was -50 percent, while your return i
    9·1 answer
  • Core Competencies:
    14·1 answer
  • You have $100,000 invested in a 2-stock portfolio. $30,000 is invested in stock with a beta of 1.60 and the remainder is investe
    7·1 answer
  • Positive outcomes of entrepreneurship in marketplace
    12·1 answer
  • Which statement best describes the circular flow of an economy?
    9·1 answer
  • The financial statement that shows revenue and expenses for a period of time is the
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!