Answer:
the moeny supply expand is $9,900,000
Explanation:
The computation is shown below:
Excess reserves is
= Actual - required
= $40,000 - (0.4% × $100000)
= $40,000 - $400
= $39,600
Now Money supply expand is
= $39,600 ÷ 0.4%
=$9,900,000
hence, the moeny supply expand is $9,900,000
Answer:
sunk costs
I'm assuming this is multiple choice, but since you haven't provided any of the options I dont know if this will be correct.
Explanation:
Answer:Christopher Columbus is credited with discovering the Americas in 1492.
Explanation:
Five hundred years before Columbus, a daring band of Vikings led by Leif Eriksson set foot in North America and established a settlement. And long before that, some scholars say, the Americas seem to have been visited by seafaring travelers from China, and possibly by visitors from Africa and even Ice Age Europ
The correct option is C. The consumer will have to pay more because the supply of gasoline will decrease, which would put upward pressure on the price.
<h3>
What is Gasoline?</h3>
Gasoline, or petrol, is a transparent, volatile, flammable liquid hydrocarbon mixture used as a fuel, especially for internal combustion engines, and usually blended from several products of natural gas and petroleum.
Thus, the tax on gasoline at the point of purchase would increase the price consumers have to pay for gasoline.
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The acid test ratio for the firm as on 31st December 2019 will be 0.85 as per the information contained under the balance sheet.
<h3>What is acid-test ratio?</h3>
The ratio, which is derived by the division of the current assets less inventories with the current liabilities of the firm, is known as the acid-test or quick ratio.
Using the formula and given information, the acid-test ratio will be computed as,

Hence, the acid-test ratio is as computed above.
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