Which of the following choices is not considered a revenue producing business enterprise?

Assume that the required reserve ratio is 20 percent. If the Federal Reserve buys $80 million in government securities from comm

Anni [7]

Answer: increase by $80 million, and the maximum money-lending potential of the commercial banking system will increase by $400 million

Explanation:

Based on the information given in the question, the money multiplier will be calculated thus:

Money multiplier = 1/Required reserve ratio

where,

Required reserve ratio = 20%

Money Multiplier will now be:

= 1/0.20

= 5

Therefore, the maximum money-lending potential will be:

= $80 million × 5

= $400 million

Therefore, the money supply will by $80 million, and the maximum money-lending potential of the commercial banking system will increase by $400 million

5 0

2 years ago

How did huge industrial trusts develop in industries such as steel oil and banking, what was the effect on the economy?

aalyn [17]

The huge industrial trusts developed in industries such as steel and oil because there was a lot of competition to make the most profit and to be the best factory. Oil was a huge cooperation because it fueled the trains. Smaller bothersome rival companies would join bigger ones to create a monopoly. Standard oil owned by Rockefeller was a vast power and the word trust came to be generally used to describe any large scale business combination. Steel became a large industry for the fact that it was a strong metal that built the trains and tall sky scrappers. Also steel was used to build the transcontinental rail roads The Bessemer process came about which was a method of making cheap steel. It made the economy a more cut throat environment of dog eat dog and became ruthless. The economy was about power and money and was very greedy. Immigrant workers were employed with very low wages and worked laboriously many hours a day. Their effect on the economy was to create large monopolies, their effects were tremendous.

3 0

3 years ago

The value of which of these expressions is closest to e?

coldgirl [10]

Answer: B

Explanation:

Therefor, value 2.659 is closest to the value of e

( I hope this helped of not I’m sorry)

6 0

2 years ago

Golf Guide sells imprinted clothing and accessories for golfers through a catalog. To find new customers, Golf Guide sends a sma

kherson [118]

Answer:

Cost per customer acquired = $51.67

Explanation:

Customer acquired per thousand pieces mailed = 1000*6% = 60

Total cost per thousand pieces mailed A $3,100

Divide by Customers acquired B 60

Cost per customer acquired A/B $51.67

7 0

3 years ago

Low Carb Diet Supplement Inc. has two divisions. Division A has a profit of $134,000 on sales of $2,310,000. Division B is able

Genrish500 [490]

Answer:

a. Division A = 5.80 %, Division B = 8.95 %

b. Division B is superior. Because, it generates a greater profit margin per each sale made.

Explanation:

a. Compute the profit margins

Profit margin = Profit / Sales × 100

Division A = $134,000 / $2,310,000 × 100

= 5.80 % (2 decimal places.)

Division B = $33,400 / $373,000 × 100

= 8.95 % (2 decimal places.)

b. Based on the profit margins

Division B is superior as it generates a greater profit margin per each sale made.

8 0

2 years ago