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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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Find the present value that will grow to $45,000 if interest is 3.6% compounded monthly for 1 year.
Vaselesa [24]

Answer:

43,411.15

Explanation:

The formula for compound interest is

A = P(1 +I) ^n

From the question,

A = 45,000

P = Unknown

I = 0.036 ÷ 12

n = 1 * 12

Therefore,

45,000 = P(1 +0.036/12) ^1 *12

45,000 = P(1.003)^12

45,000 = 1.0365998P

P = 43,411.15

3 0
3 years ago
With regard to a prior perfected security interest in goods for which a financing statement has been filed, which parties is mos
timofeeve [1]

Answer:

A buyer in the ordinary course of business who purchased the goods from a merchant

Explanation:

In finance, perfected security interest is an interest in a property that prevents other party from having claims on it legally.

It should be noted that With regard to a prior perfected security interest in goods for which a financing statement has been filed, the parties is most likely to have a superior interest in the same collateral is buyer in the ordinary course of business who purchased the goods from a merchant.

8 0
3 years ago
In what way does the kettle falls five case illustrate a weakness of a federal system? choose the best answer.
almond37 [142]

The kettle falls five case illustrate a weakness of a federal system in such a way that f<span>ederalism limits political power and that it depends on compliance of state.</span>
<span>The federal system also aggravates the efficiency in awareness of Policies and its implementation. The kettle falls five case was very surprising.</span>

6 0
3 years ago
Raymond Chandler wrote classic American detective stories. By always using certain roles for his characters and props that were
OleMash [197]

Answer:

Cultural formula

Explanation:

Cultural formula can be described as a situation there is tend to a consistent occurrence of certain roles and props in a series of media events.

Cultural formula can be employed in a novel through the use of certain roles for characters and props that go along with the genre.

Therefore, Chandler's novels followed a cultural formula.

8 0
4 years ago
Pork barrel projects are approved because they do what
Rina8888 [55]
The answer is that " they help politicians win support from their constituents".

Pork barrel is an illustration for the allotment of government spending for restricted activities secured exclusively or basically to convey cash to an agent's area. The utilization started in American English. In decision battles, the term is utilized as a part of deprecatory mold to assault rivals.
8 0
3 years ago
Read 2 more answers
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