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Effectus [21]
3 years ago
14

If a commercial banking system has $200,000 in checkable deposits, actual reserves of $70,000, and a reserve ratio of 20 percent

, then the banking system can expand the supply of money by a maximum of $180,000.
A. True
B. False
Business
1 answer:
Solnce55 [7]3 years ago
4 0

Answer:

B. False

Explanation:

The banking system can expand the supply of money by a maximum of $1,000,000 ($200,000/0.2).

The maximum currency creation by the banking system is a function of the checkable deposits and the reserve ratio.  The formula for this is called the money multiplier, and is given as the checkable deposits divided by the reserve ratio.  With this multiplier factor, banks can increase the currency in circulation.  This is why central banks use the reserve ratio to monitor the supply of money in their economies.

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iragen [17]

Answer:

1.B

2.D

3.C

Explanation:

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6 0
3 years ago
3. As the crisis in Venezuela deepened in late 2002 and early 2003, on January of 2003 the VEF was trading VEF1400/$. By Februar
aleksley [76]

Answer: 39.29%

Explanation:

For us to calculate the percentage change, we have to deduct the trading for VEF in January from the trading for VEF in February and then divide by VEF trading in January. This will be:

= (1950 - 1400)/1950

= 550/1400

= 0.3929

= 39.29%

The percentage change in January is 39.29%.

6 0
3 years ago
A company wants to create a dynamic survey that navigates users through a different series of questions based on their previous
miskamm [114]

Answer:

Visualforce and Apéx

Explanation:

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Hence, in this case, with the help Visualforce and Apéx, a company will be able to create a dynamic survey that navigates users through a different series of questions based on their previous responses.

7 0
3 years ago
Making a Decision as Chief Financial Officer: Contingent Liabilities
Verizon [17]

Answer:

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Explanation:

3 0
2 years ago
If a company is using the accrual basis accounting method, when should it record its earned revenue?
BigorU [14]

Answer: b

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3 years ago
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