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dezoksy [38]
3 years ago
11

The people in an economy have $25 million in money. There is only one bank where they deposit their money and it holds 10% of th

e deposits as reserves. What is the money multiplier in this economy?
A. 5 B. 1 C. 20 D. 10
Business
1 answer:
Klio2033 [76]3 years ago
6 0

Answer:

The people in an economy have $25 million in money. There is only one bank where they deposit their money and it holds 10% of the deposits as reserves. What is the money multiplier in this economy?

D. 10

Explanation:

10% of $25, 000, 000= $2,500,000

Money multiplier in this economy is by 10

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False

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3 0
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trademark

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Which of the scenarios best reflects the meaning of the term inflation targeting? a) In anticipation of the upcoming election, t
zvonat [6]

Answer:

b) A central bank is expected to achieve a 3% annual inflation rate

Explanation:

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5 0
3 years ago
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goblinko [34]

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$6,450

Explanation:

Calculation to determine the balance in Cash for this design service business

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Let plug in the formula

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Therefore the balance in Cash for this design service business is $6,450

8 0
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An insurer hires an advertising agency to create an advertisement for a health insurance policy. The public complains that the w
OLga [1]

Answer:

The insurer shall be held liable

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In cases wherein the advertisement function has been assigned to an insurance agency, even in such a scenarios, the sole responsibility rests with the insurer and it's their primary responsibility to check upon the content advertised.

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