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
asambeis [7]
3 years ago
11

Suppose the required reserve ratio is 20 percent. A $5 million deposit allows commercial banks to create as much as

Mathematics
1 answer:
Virty [35]3 years ago
6 0

Answer:

Option D. $1 million

Step-by-step explanation:

we know that

<u>Reserve Ratio</u>, it is the percentage of deposits which commercial banks are required to keep as cash

Find the 20% of $5 million

20%=20/100=0.20

0.20*5,000,000=$1,000,000

so

$1 million

You might be interested in
20 points pleas help!!
Anna [14]

I think if I did it right it should be B

5 0
2 years ago
Read 2 more answers
Which of the following options have the same value as 2% of 90?
mote1985 [20]
B and E are the correct answers, as 2/100 is the same thing as 0.02.
7 0
3 years ago
Read 2 more answers
55 less than 1/3 of the number is 31
kati45 [8]
False. 1/3 of 31 is about 10, so 55 is bigger than 10
6 0
3 years ago
Read 2 more answers
If the cost of white tiles is $240, what is the unit cost of white tiles?
Anna [14]

Answer:

$15 and 3600ft^2

Step-by-step explanation:

C) There are 16 white tiles used. The unit cost of a white tile=240/16=$15

E) The cafeteria area consists of 36 tiles of dimensions 10 ft x 10 ft, so the area of the floor is 3600ft^2

4 0
3 years ago
HELP!!! BRAINLIEST :)
Xelga [282]

Answer:

The third one....

it fulfill all required characteristics of lines given.

6 0
3 years ago
Other questions:
  • The graph of the function f(x)=6/x-3 is shown below. What is the vertical asymptote of the function
    6·2 answers
  • mia drove her car at a rate of 60 mph from her home to los angeles. her mother, katrina, made the same trip at a rate of 80 mph,
    5·1 answer
  • If a 5 minute shower used 12 gallons of water how many gallons of water would a one minute Shower use
    8·1 answer
  • What is 9911 divided by 62
    9·2 answers
  • If √6b+4=20, then what is the value of b
    12·1 answer
  • What is (-8.8) in a evaluate expression
    10·1 answer
  • So far you have completed 80% of the problems for your math exam. Your exam
    13·2 answers
  • Taj had 15 books. He gave some of the books to his friends.
    5·2 answers
  • Which ordered pair can be removed so that the
    6·2 answers
  • Mary O’Connell is earning a weekly salary of $521.60 as a payroll clerk. She has accepted a new assignment in the tax processing
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!