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Daniel [21]
3 years ago
5

A banking system with a reserve ratio of 20% and a change in reserves of $1 million can increase its total demand deposits by:A.

$200,000.B. $5 million.C. $1 million.D. $800,000.
Business
1 answer:
blondinia [14]3 years ago
3 0

Answer: option B is correct

Explanation: In simple words demand deposit is similar to those funds held in a checking account. Demand deposits serves as the base of the money supply of the country.

Demand deposit can be computed using following formula :-

=\:\frac{demand\:deposit}{required\:reserve\:ratio}

=\:\frac{1,000,000}{20\%}=\:\$5,000,000

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Answer:

-valid driver's license

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(may be differnt depending on your state, country, etc)

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5 0
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The role of a labor union is to
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Answer:

D) represent the interests of workers in employment matters.

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3 years ago
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In 2016, 59.7 percent of the adult population (253 million) was employed. If the employment rate increased to 62 percent,
kolezko [41]

Answer:

a. 5.819 million

b. $709918

Explanation:

Below is the calculation:

a. Total number of adult population = 253 million

Total employed adult = 253 x 59.7% = 151.041

Number of employed adult after increase in employment rate = 253 x 62% = 156.86

More people would be working = 156.86 - 151.041 = 5.819 million

b. GDP per capita is $122,000, so increase in GDP = 5.819 x 122000

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8 0
3 years ago
This year, Callie and Neil formed the equally owned CN partnership. Callie contributed $300,000 of cash and Neil contributed rea
Nitella [24]

Answer:

1. a. Callie =$375,000

b. Neil $25,000

2. Equal

Explanation:

The computation of given question is shown below:-

1. Adjusted Callie contribution = $300,000

Neil contribution = $100,000 × 50%

= $75,000

Callie basis in partnership interest after the formation = $300,000 + $75,000

= $375,000

Adjusted Neil contribution = $100,000

Neil contribution = $100,000 × 50%

= $75,000

Neil basis in partnership interest after the formation = $375,000 - $75,000

= $25,000

2. Equal or in Profit-Loss Sharing Ratio

In the profit - loss sharing ratio or equal when debt is allocated between the two partners

6 0
4 years ago
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