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vivado [14]
3 years ago
10

Suppose a commercial banking system has $240,000 of outstanding checkable deposits and actual reserves of $85,000. If the reserv

e ratio is 25 percent, the banking system can expand the supply of money by a maximum of
Business
1 answer:
AleksAgata [21]3 years ago
6 0

Answer:

$60,000

Explanation:

The computation of Money supply expand is shown below:-

Excess reserves = Actual - required

=$85,000 - (0.25 × $240,000)

=$85,000 - $60,000

= $15,000

Money supply expand = Excess reserves ÷ Reserve ratio percentage

= $15,000 ÷ 25%

= $60,000

Therefore for computing the money supply expand we simply deduct the reserve ratio percentage from excess reserves.

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3 years ago
Janet bought flour and used it to bake bread she ate. ABC Bakery bought flour which it used to bake bread that customers purchas
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Explanation:

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3 years ago
FarCry Industries, a maker of telecommunications equipment, has 2 million shares of common stock outstanding, 1 million shares o
Ulleksa [173]

Answer:

18.52%

Explanation:

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The answer is<u> "demographic component".</u>


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