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shutvik [7]
3 years ago
13

Assume the required reserve ratio is 12 percent and that the commercial banking system has $110 million in excess reserves. The

maximum amount of money which the banking system could create is: (round to the nearest number) g
Business
1 answer:
vovikov84 [41]3 years ago
6 0

Answer: $917 million

Explanation:

From the question, we are informed that the required reserve ratio is 12 percent and that the commercial banking system has $110 million in excess reserves.

Based on the above analysis, the maximum amount of money which the banking system could create will be:

= $110,000,000/12%

= $110,000,000/0.12

= $ 917,000,000

= $917 million

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A) Persistent.

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In the given situation, it is mentioned that an individual wants to start a business that deals in hats and mittens so the needs of the children could be fulfilled. But for that,  we need to find out a cofounder that should be have following traits and characteristics

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3 years ago
Between 2003 and 2005, there was huge growth in the market for premium blue jeans priced at $200 or more per pair. Popular magaz
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Answer:

Following are the solution to the given question:

Explanation:

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2 years ago
BMW is planning to make a big push into markets around the world with its MINI brand. If BMW has valuable know-how that cannot b
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Describe a situation in which there could be a conflict of interest between an IT consultant’s self-interest and the interests o
timurjin [86]

Answer:

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3 years ago
"An NMS stock is current quoted at $16.10 Bid - $16.30 Ask. A customer wishes to place an order to buy 1,000 shares of the stock
slega [8]

Answer:

"An NMS stock is current quoted at $16.10 Bid - $16.30 Ask. A customer wishes to place an order to buy 1,000 shares of the stock at $16.111. The registered representative should:"

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