I understand here the "money creation" to mean that the money would enter the circulation. Then the bigger amount of money creation is when less money needs to be retained by the banks!
and if the bank has to keep 10%, this is less than when it needs to keep 20% - so more money would enter the market in Canada!
No, the price will rise because more people are competing for the products
D. $137; $100
The base year cost is $100. 37% of this is $37 so the total cost of the basket of goods is $137.
Answer:
The correct answer is 2,276 units.
Explanation:
According to the scenario, computation of the given data are as follows:
Sales = 2,069 units
Reserve percentage = 10%
So, we can calculate the units of production by using following formula:
Units of production = Sales × ( 1 + Reserve %)
By putting the value, we get
Units of production = 2,069 × ( 1 + 10%)
= 2,069 × 1.10
= 2,275.9 or 2,276 units
Answer: A. $ 9,600,000
Explanation:
According to GAAP Principles on Financial Accounting for Property taxes, taxes which are Government revenue, can be accounted for in the period they are to be accrued for (the period incurred) provided that they do not exceed 60 days after the period elapses for it is assumed that they can still be used to pay off expenses in that period.
The total property tax revenues for 2020, related to 2020 tax bills should therefore the sum of the collected amount and the amount to be collected within 60 days after.
= 9,500,000 + 100,000
= $9,600,000
The total property tax revenues for 2020, related to 2020 tax bills is $9,600,000 which is Option A.
