Answer:
A) $800,000
Explanation:
Since the current reserve ratio is 20%, and the bank has no excess reserves, then the maximum it can lend if it receives $1 is $800,000.
The bank has currently $50 million in deposits and $10 million in reserves ($6 million in cash and $4 million in the Fed), so its reserves are exactly 20% of its total deposits. So if any new deposits are received, the bank will have to keep as reserves 20% of it (= $1,000,000 x 20% = $200,000).
This type of banking system is called the fractional banking system because banks are only required to keep a fraction of the money they receive as deposits and they can lend the rest to other clients.
Based on the calculations, the measure of angle PON (∠PON) in equilateral triangle LMN is equal to 30°.
<h3>What is an equilateral triangle?</h3>
An equilateral triangle can be defined as a special type of triangle that has equal side lengths and all of its three (3) interior angles are equal.
Since triangle LMN is an equilateral triangle, the following applies:
LN = LM = MN
∠LNM = ∠L = ∠LM = 60°
OP // MN (O and P are midpoint).
∠NPO = 90° + (90° - 60°) = 120°
∠PNO = ∠LNP/2 = 60/2 = 30°.
Therefore, ∠PON is given by:
∠PON = 180° - (∠PNO + ∠NPO)
∠PON = 180° - (30° + 120°)
∠PON = 180° - 150°
∠PON = 30°
Read more on equilateral triangle here: brainly.com/question/14709905
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As a boat operator, the law make it mandatory that you should stop and assist other boaters who are involves in accidents if there is no danger to you, your passengers or your boat. People who render assistance at boat accident scenes are not hold liable for any civil damage because of the assistance they render.
Answer:
The bond will sell for the amount of $869.17
Explanation:
According to the given data coupon amount = 50/2 = 25
Therefore, in order to calculate the selling price of the bond we would have to make the following calculation:
selling price of the bond = 25 * PVIFA(3%,52) + 1,000 * PVIF(3%,52)
selling price of the bond= 25 * 26.1662 + 1,000 * 0.2150
selling price of the bond= $869.17
The bond will sell for the amount of $869.17
Answer:
The price elasticity of demand for icecream is -0.75, that means that is inelastic.
Explanation:
Price elasticity of demand measures the porcentage of the change in the demand when there is a change in the price. If the change in porcentage of the demand is less than the pocentage of change in the price we talk about inelastic demand. An increase in the price of inelastic goods will result in bigger revenues, as the porcentage in the drop of sales is less than the porcentage of increase in the price.
The formula is: % in change demand/% in change of price
-3%/4= -0.75
The minus symbol indicates that when the price rises the demand decrease.
