Answer:
If banks hold excess reserves, then the money multiplier will be smaller.
Explanation:
It is easier to understand using an example:
required reserve rate = 5%
money multiplier = 1 / 5% = 20
if $100 are injected in to the economy and they are deposited in the banking system, the money supply will increase by $100 x 20 = $2,000. But this calculation only works if banks lend 100% of the loanable funds, but if instead banks only lend $90, instead of $95 ($100 x 95%), then the money multiplier will be 1 / 10% = 10. In this case, the money supply will only increase by half
The correct answer is 1, 4, 5.
1. Money.
4. Time.
5. Considerable effort.
Successful entrepreneur is termed as the right attitude towards business and grit to achieve success and also self determination.
A successful entrepreneur has a healthy opinion and sense to self confidence to abilities and skills.
The most important trait for an entrepreneur to be successful is self discipline.
Answer:
Im not going to type a whole paragraph but ill give you some ideas.
Explanation:
An entrepreneur is someone who does many things like owning a buisness or having many hobbies .
B. Interact with customers after they have purchased the product.
For example, if you are having trouble with a product or it has a malfunction, you would call the customer service for the company/product for assistance.
To be more professional in a business sense. If I am the president of a bank I want to be classical and professional. I change with my title.