Answer:
the reserves of the bank are short by 1,000
Explanation:
it could loan up to 5,000 dollars
but because it make a new loan of 6,000
their reserves decreases by 6,000
5,000 - 6,000 = (1,000)
the reserves of the bank are now short by 1,000
the reserve ratio is not used in this calculations as the 6,000 dollar from the loan leave the bank once the check is cleared
Because they hate math and money
Answer:
Mary
Explanation:
An entrepreneur is a person who has a creative and innovative vision to turn an idea into a profitable business. Therefore, when analyzing the profiles of the people above, Mary is considered to have a greater entrepreneurial profile, because in addition to being a person who thinks about creating profits or making money, she has the skills to be innovative and adapt to change, with the focus on meeting customer demands.
A successful entrepreneur needs to have the ability to adapt to a constantly changing market and consumer trends to always satisfy consumers and differentiate themselves from the competition.
Answer: b. Set higher prices to the students as their demand is relatively more inelastic.
Explanation:
Price elasticity of demand measures the change in quantity demanded to changes in price levels.
If demand is inelastic, a small change in price has a small effect on quantity demanded. An inelastic demand usually has a coefficient of less than 1.
The elasticity of demand for students and senior citizens are both inelastic but that of the students is greater than that of senior citizens. They are less responsive to price changes when compared with senior citizens.
Answer:
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