1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Kazeer [188]
3 years ago
10

Hypothetical Country has $120 in currency, $280 in reserves, and $900 in deposits. There are no excess reserves. Use this inform

ation to answer the questions. Enter your answers in decimal form rounded to two decimal places. Calculate the money multiplier. money multiplier: Calculate the reserve ratio. reserve ratio: Calculate the currency drain ratio. currency drain ratio:
Business
1 answer:
Colt1911 [192]3 years ago
4 0

Answer:

Reserve ratio = 31.11%

Currency drain ratio = 13.33%.

Explanation:

Reserve ratio = Reserves/Deposits = $280/$900 =  0.3111, or 31.11%

Currency drain ratio = Currency/Deposits = $120/$900 = 0.1333, or 13.33%

Therefore, reserve ratio is 31.11%, and currency drain ratio is 13.33%.

You might be interested in
Why should you save your files on a regular basis?
stich3 [128]

Answer:

in case if anything happens

4 0
3 years ago
Read 2 more answers
On April 1, Moloney Musical Instruments sold merchandise on account to Fronke's Flutes for $7,000 on Invoice 1001, terms 2/10, n
Eduardwww [97]

Answer:

The question is <em>"Record the transactions on April 1 and April 10. View transaction list Journal entry worksheet Record the sale on April 1."</em>

Date     Account Title and Explanation       Debit         Credit

April 1    Account receivables                      $7,000

                  Sales revenue                                               $7,000

April 10.  Cash  ($7,000*98%)                       $6,860

                     Sales discount ($7,000*2%)                        $140

                     Account receivables                                     $7,000

3 0
3 years ago
At your new job, the human resources department ask you to bring two forms of identification before you can start working. Which
Karolina [17]

Answer:

the answer is b

Explanation:

8 0
3 years ago
Interest is the rate earned from a <br> stock share <br> savings account <br> deposit <br> loan
Law Incorporation [45]

Answer:

savings account

deposit

Explanation:

Interest is the money earned when deposits or savings stay in a financial institution for some time. Financial institutions such as commercial banks pay interests to encourage the public to save and keep deposits in their bank accounts. Interest earned is determined by the amount of deposit or saving, the interest rate offered, and the duration of time the money stayed in the bank.

A high-interest rate is attractive to the public as it earns more interest. Financial institutions compete for deposits and saving by offering better interest rates.

4 0
3 years ago
After you open your new business is not the best time to
Alexxandr [17]

C. Conduct a research on your product.

You should have already done the research by this stage

6 0
3 years ago
Read 2 more answers
Other questions:
  • CII, Inc., invests $630,000 in a project expected to earn a 12% annual rate of return. The earnings will be reinvested in the pr
    14·1 answer
  • A department within an organization that focuses on generating profits is called a(n
    6·1 answer
  • A warehouse located in an urban area had been vacant for several years. Although the warehouse was not being used, the owner of
    9·1 answer
  • What effect do labor unions have on the unemployment rate? A. Labor unions can significantly increase the unemployment rate when
    12·1 answer
  • Enter a question here
    6·1 answer
  • E marketplace can take two different formats, which are
    8·1 answer
  • Two fair dice, one blue and one red, are tossed, and the up face on each die is recorded. Define the following events: E:{ The n
    6·1 answer
  • Ty, the HR manager at Elrod Engines, is preparing a newly promoted employee for her role as a supervisor. In his experience, he
    7·1 answer
  • Gareth bought a home for $135,000. The home gained 2. 2% in value every year for eight years until Gareth sold it. How much prof
    15·1 answer
  • The following statement describes which of the following theories? _________ is a theory of management that analyzes and synthes
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!