17,000 * 17,000 * 0.15 = 43,350,000
(Hope this helps...)
Answer:
c. There is a direct relationship between a good’s price and the amount offered for sale by suppliers.
Explanation:
According to the law of supply concept, it shows a direct relationship between the price and the quantity supplied.
As the price is rising, the quantity supplied also increases and if the rice is declining, the quantity supplied is also decreases
Since the supply curve slopes upward in the right direction which reflects the direct relationship between the price and the quantity supplied.
Answer:
b
Explanation:
An example of credit is when a person borrows money from a finance company to buy a car. Once credit is extended to a person and is used for a purchase, the credit is converted to a debt, and the person has the financial obligation to repay the loan.
Answer:
20; $1 billion
Explanation:
Given that,
New funds = $20 billion
Required reserve ratio = 5%
Money multiplier:
= 1/Required reserve ratio
= 1/0.05
= 20
Initial money increase by:
= Funds wants to be in the money supply × Required reserve ratio
= $20 billion × 5%
= $1 billion
Therefore, the Fed should initially increase $1 billion in the money supply.
