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shutvik [7]
2 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]2 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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Answer: <em>(C.) $2,005</em>

Explanation:

Given :

Money Co. made a cash outflow of $194,000 for the $200,000 loan Money gave to Home Co.  

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∴

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3 0
3 years ago
Computing Income Taxes
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<u><em>Net profit Calculation</em></u>

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<u><em>Tax liability Calculation</em></u>

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5 0
2 years ago
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-TheOneandOnly003

4 0
3 years ago
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3 0
3 years ago
in a community, there are 10% More boys than girls, 15% more women than men and 20% more children than adult. if the population
Alchen [17]

Answer:

in a community, there are 10% More boys than girls, 15% more women than men and 20% more children than adult. if the population of the villagers is not more than 6000, find the actual number of boys, girls, women and men​

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Explanation:

5 0
3 years ago
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