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ipn [44]
2 years ago
9

Suppose you deposit ​$ cash into your checking account. By how much will the total money supply increase as a result when the re

quired reserve ratio is 0.​0?
Business
1 answer:
amid [387]2 years ago
7 0

Answer:

If the required reserve ratio is 0, that means that the money multiplier will be infinite. I guess the question is incomplete.

I looked for similar questions to fill in the blanks:

If you deposit $2,400 and the required reserve ratio is 0.4, then by how much does the money supply increase?

first we must determine the money multiplier = 1 / required reserve ratio = 1 / 0.4 = 2.5

to determine the total effect on the money supply we just multiply the deposit by the multiplier = $2,400 x 2.5 = $6,000 increase.

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I think that you could say it mostly like that by make your words more descriptive, I don’t really know what your going for tho
5 0
3 years ago
Peninsula Company reported net income of $290,000 for the year. During the year, accounts receivable increased by $21,000, accou
guajiro [1.7K]

Answer:

$305,000

Explanation:

Given that,

Net income for the year = $290,000

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Net cash provided by operating activities:

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4 0
3 years ago
_____ leaders are agents of change because they develop an appealing vision of the desired future state, communicate that vision
GrogVix [38]

Answer:

The correct answer here is B) Transformational leader.

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3 years ago
In year 1, the Bennetts' 25-year-old daughter, Jane, is a full-time student at an out-of-state university but she plans to retur
UNO [17]

Answer:

The biological parents

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The neighbour is just showing kindness

3 0
3 years ago
Read 2 more answers
What is one difference between fixed-rate mortgages and variable-rate mortgages?
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