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tester [92]
2 years ago
14

under a fractional reserve banking system the amount of money loaned out can only increase if what happens

Business
1 answer:
Bogdan [553]2 years ago
3 0

Answer:

<em>The Required Reserve Ratio Is Lowered</em>

hope it helps:)

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A firm has actual sales in November of $1,000 and projected sales in December and January of $3,000 and $4,000, respectively. Th
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b. 2,100

Explanation:

On January will be collected: a) 10% January´s sales because is collected in cash; b) 40% December´s sales because is collected one month following the sale, and 50% November sales because the balance is collected two months following the sale.

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