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RoseWind [281]
3 years ago
14

Scenario: Over the last several months, there has been a rapid increase in the number of loans that banks have provided for mort

gages and small businesses. This change has raised concerns for the Fed. Today, the Fed has announced an increase in the interest rates that it is charging banks. In this scenario, what is the Fed trying to do by increasing interest rates? Check all that apply. decrease the amount of money that banks have to lend increase the money supply for banks reduce the amount of available credit discourage consumer borrowing by increasing interest rates on loans encourage banks to loan more money
Business
2 answers:
zavuch27 [327]3 years ago
6 0
I just did this one and I got it right! 1,3,4 :)
Svetllana [295]3 years ago
3 0
Its 1,3,4 I just did the problem
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Answer: 9.20

Explanation:

In finance there is a rule for calculating this called 'The Rule of 70'.

With The Rule of 70, you are able to calculate the amount of time it will take an investment to double if you divide 70 by the growth rate of the investment.

In this scenario, the investment is your salary and the growth rate is 7.61% pee year.

The amount of time it will take to double is therefore,

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It will take 9.20 years to double.

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Answer:

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