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r-ruslan [8.4K]
3 years ago
10

Imagine that Odyssey National is a brand new bank, and that its required reserve ratio is 10 percent. Ifit accepts a $1,000 cash

deposit, then, excluding the $1,000 initial deposit, the banking system can increase the money supply by:a.$900.b.$910.c.$1,000.d.$9,000.e.$10,000.
Business
1 answer:
lyudmila [28]3 years ago
4 0

Answer:

a.$900

Explanation:

The required reserve is the amount of reserve required by the Central bank for banks to keep as reserves.

If the reserve ratio is 10% and $1000 is deposited, the required reserve is $100.

$1000 - $100 = $900 would be available to banks to give out as loans. Thus , money supply increases by $900.

I hope my answer helps you.

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ehidna [41]

Answer:

The answer is: $2,300

Explanation:

To determine the ending balance of the account Allowance for Bad Debts of Blended Corporation, we can use the following formula:

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4 0
3 years ago
Calculate the net debt of the company based on the information below:
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Answer:

$28,300

Explanation:

Calculation to determine the net debt

Using this formula

Net debt=(Short-term interest bearing debt +

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Therefore Net debt is $28,300

6 0
3 years ago
Jones Company sells an average of 200 chairs per week, of which 30% are regular chairs and 70% are executive chairs. Regular cha
MissTica

Answer:

Contribution margin per unit: $42.9

Total contribution margin: $8,580

Explanation:

The contribution margin per unit is calculated by calculating the total contribution margin, which is basically the total sales, minus the costs of production, in this cae we have that we sold:

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Regular sales: $6,000

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The total contribution margin is equal to $8850.

And the contribution margin per unit is given by dividing the total contribution margin by the number of units sold:

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So the contribution margin per unit is 42.9 dollars.

7 0
3 years ago
When a u.s. airplane manufacturer sells its airplanes to business executives in germany without using intermediaries, it is refe
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Answer: Externalities occur when the actions of an individual or group spill over onto others, without their consent.

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By definition, an Externality is the effect of an action by an individual or group that spills over onto third parties without their consent.

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