Answer: The deposit-creation potential of the banking system is $500 million.
Explanation: To solve: take the money that the banking system has in excess reserves $50 million and multiply it by the reserve ratio of 10%. $50,000,000 x 10 = $500,000,000
Here Jack is influenced by what Burrhus Frederic Skinner an American
psychologist calls negative reinforcement. Negative reinforcement which is the
opposite of positive reinforcement and it means that the rate of behavior is increased
in order to avoid an unpleasant situation or unpleasant stimulus or negative
outcome.
Answer:
Broker Nick could hae been sited because his broker license may have expired and the ficticious name with it.
Explanation:
All right, first of all. Licenses expire, so in this case, even when a fictitious name is allowed to be associated with a broker account well it needs to be renewed because if not. The operations won't have the proper rights to operate. It is like a driver's license. You need to renew it, otherwise, you are not allowed to perform the activities associated with it. That is the reason to check periodically if the license is still available to perform the related tasks.
Answer:
B. prices would do a better job of coordinating the activities of buyers and sellers than markets could.
Explanation:
In 1776, the Scottish economist and philosopher also known as the father of economics, suggested that price was better left to produce better market results than the intervention of guilds.
He was of the opinion that price control and regulations by guilds were disruptions to market play and would not be as efficient as allowing price be determined by the market(buyers and sellers). Adam was a pioneer of the free market economic theory.
