Answer:
Step-by-step explanation:
In an election, 54% of the voters voted for a new school tax. What is the probability that a randomly selected voter did not vot
2 answers:
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A.) The current reserve ratio is given by the fraction of the bank's total deposits held in reserves.
Given that the bank's total deposits is $7,200 and the reserves is $1,600, the current reserve ratio is given by:
b.) The loan portfolio is given by (total deposit - reserves) / total deposits
Thus, the loan portfolio of the given bank is given by:
Given that the bank's total deposits is $7,200 and the reserves is $1,600, the current reserve ratio is given by:
b.) The loan portfolio is given by (total deposit - reserves) / total deposits
Thus, the loan portfolio of the given bank is given by:
We know:
and
These expressions have an term in common. We can combine them if we can find forms of the expressions in terms of
:
Now, because (by the reflexive property), we can write:
This is our answer, A.