If a bank has total deposits of $7,200 and reserves of $1,600: instructions: round to the nearest whole number. (a) what is its
1 answer:
A.) The current reserve ratio is given by the fraction of the bank's total deposits held in reserves.
Given that the bank's total deposits is $7,200 and the reserves is $1,600, the current reserve ratio is given by:
b.) The loan portfolio is given by (total deposit - reserves) / total deposits
Thus, the loan portfolio of the given bank is given by:
Given that the bank's total deposits is $7,200 and the reserves is $1,600, the current reserve ratio is given by:
b.) The loan portfolio is given by (total deposit - reserves) / total deposits
Thus, the loan portfolio of the given bank is given by:
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Answer:
a) 179 people shopped at the grocery store or the drug store.
b) 21 people shopped at neither the grocery store nor the drug store
Step-by-step explanation:
I am going to treat these events as Venn sets.
I am going to say that:
Set A: Shopped at the grocery store
Set B: Shoped at the drug store.
121 shopped at the grocery store:
This means that
91 shopped at the drug store:
This means that
33 shopped at both businesses.
This means that
a) How many people shopped at the grocery store or the drug store?
This is
With the values given in the exercise.
179 people shopped at the grocery store or the drug store.
b) How many people shopped at neither the grocery store nor the drug store?
179 of 200 shopped in at least one. So 200 - 179 = 21 shopped at neither.
21 people shopped at neither the grocery store nor the drug store