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
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.

You might be interested in
Suppose you have $10,000 in your checking account. You withdraw $500 cash from your account and hide it under your pillow for fu
trapecia [35]

Answer:

The Money supply will decrease by $4,500

Explanation:

What will be the maximum impact on money supply today as a result of your action is that the Money supply will decrease by $4,500.

Since we assumed that you have $10,000 in your account in which you withdraw $500 cash from your account and hide it under your pillow for future use, therefore based this scenario or actions carried by you it means that your bank have fewer or lesser funds available to make loans which means the decrease will tend to affect the money supply.

Hence, you can easily calculate the effect by using the simple money multiplier.

8 0
4 years ago
Income Statement Wayne Corporation had the following revenue and expense account balances (in millions) for a recent year ending
stiv31 [10]

Answer:

                                       Income Statement

Revenue                                                                 $24,698

Expenses

Salaries and employee benefits      $8,815

Purchased Transportation                $1,203

Fuel Expense                                     $3,228

Rental and landing fees                     $1,748

Depreciation Expense                       $925

Maintenance and repairs expense   $1,573

Provision for income taxes                $805

Other expense (revenue) net            <u>$4,995</u>

Total Expenses                                                        <u>$23,292</u>

Net Income                                                               <u>$1,406</u>

5 0
3 years ago
What is the significance of signing a promissory note?
s2008m [1.1K]

Answer:

The correct answer is letter "D": You are formally accepting a loan and agree to pay it back in accordance to the terms that are outlined for that loan.  

Explanation:

A Promissory Note is a written promise made by one party to pay a specified sum of money to another party, either on-demand or at a specified future date. It is commonly used as a means of short-term financing in businesses. For example, when a company has solved many products but not yet collected payments for them, it may become low on cash and unable to pay its own creditors with the case. In such a case, it may ask its creditors to accept a promissory note that can be exchanged for cash at a future time after it collects its account receivables.

5 0
4 years ago
How did the framers feel about the public's capacity to be politically informed and make good choices?
frez [133]

The framers were insecure, and they doubted the public's ability to be politically capable and make good choices. They were concerned if the public would be able to come up with good political judgments.

            A framer refers to a person, group, or organization that creates or frames laws, rules, plans, and systems of an institution. In the given sentence, the question is about the framers of political laws.

           The public is sometimes swayed by the masses and also the media. They do not have the power to analyze and see the truth behind the politics of the rulers. Thus, it might be possible that the public might be swayed by some rulers and fail to make an unbiased judgment.

           That is why the framers were concerned about the public's capacity to make good decisions.

To learn more about framers,

brainly.com/question/4921218

brainly.com/question/11629024

#SPJ4

7 0
2 years ago
Which support service professional develops school curriculum and teaching standards? A. school psychologist B. school counselor
zalisa [80]

Answer:

D, instructional designer

Explanation:

An instructional designer is a professional that is saddled with the job of designing courses, redesigning courses, creating teacher guides, etc for the sole purpose of learning by students.

The job of an instructional designer is very important in the learning process as without them, teachers would not know what to teach student at a certain age or grade.

Instructional designers try to create the best possible ways to present learning contents such that any individual can assimilate or comprehend it easily thus improving performance and knowledge of the student.

Cheers.

3 0
3 years ago
Other questions:
  • QS 12-8 Computing cash from asset sales LO P3 The following information is from Ellerby Company’s comparative balance sheets. At
    15·1 answer
  • Which of the following is a descriptive data mining technique?
    11·1 answer
  • A CPA firm evaluates its personnel advancement experience to ascertain whether individuals assigned to increased degrees of resp
    11·1 answer
  • Jessica completed a four-year degree program in Finance and Accounting. She hasn’t yet gained any work experience in this field.
    8·2 answers
  • Define project cost terms and tell how each is used in estimating project cost. Compare and contrast analogous, parametric, and
    11·1 answer
  • Local Co. has sales of $ 10.2 million and cost of sales of $ 5.7 million. Its​ selling, general and administrative expenses are
    5·1 answer
  • A debt-free firm has net income of $210,000, taxes of $55,822.78, and depreciation of $42,000. What is the operating cash flow?
    7·1 answer
  • Primrose Company uses the allowance method of accounting for uncollectible accounts. Primrose estimates that 3% of credit sales
    10·1 answer
  • The firm's ____ should be thought of as a business partner who can be a source of information and networking; help make decision
    6·1 answer
  • What is business organization ​
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!