Answer:
Experts are tested by Chegg as specialists in their subject area. We review their content and use your feedback to keep the quality high. Transcribed image text: If the required reserve ratio is 10 percent, the banking system currently has excess reserves equal to: $10 billion.
Explanation:
Answer:
6.12%
Explanation:
Calculation for How does our decision depend on the interest rate at which we can invest our funds
Present value = 6000-3060
Present value = 2940
Future value = Present value+Present Value*Numver of month* Rate of interest/ 100
3000 = 2940+2940*4/12*R/100
60 = 2940*4/12*R/100
60*12/4 = 2940*R/100
180 = 2940*R/100
180/2940 = R/100
0.061224 = R/100
Rate = 6.1224
Therefore How does our decision depend on the interest rate at which we can invest our funds is 6.1224
Answer:
A
Explanation:
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Answer:
downward because quantity demanded is lower when the price to borrow money is higher.
Explanation:
In this scenario, loanable funds will be treated like other commodities in the market. As per the law of demand, demand for a product is inversely related to its price. An increase or decrease in price results in demand moving in the opposite direction. A demand curve represents the relationship between demand and price. It is downward sloping and shows the quantity demanded at various prices.
The interest rate is the price of a loan. It is the cost of borrowing money. A high-interest rate makes a loan expensive, thereby discouraging borrowers from borrowing. At Low-interest rates, loans become affordable and attractive to firms and households. Lenders are likely to issue more loans when interest rates are low.
The answer would be: Having good interpersonal skills
