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Masja [62]
4 years ago
7

Suppose you deposit ​$2 comma 0002,000 cash into your checking account. by how much will checking deposits in the banking system

increase as a result when the required reserve ratio is 0.55​0?
Business
1 answer:
Mamont248 [21]4 years ago
3 0
Money is any item that serves as a medium of exchange for goods and services.
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Gary works as a customer service representative, but thinks this job is not a good fit for his interests or talents. However, he
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Exploration

Explanation:

Exploration or career exploration in the career development process can be described as a process of learning about different occupations or job titles exist and determining how they fit into the unique career preferences of a job seeker.

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Career exploration is usually carried out after or during the identification of career preferences by a job seeker via self-assessment.

Since the U.S. Department of Labor provides about 840 classifications of occupations, a visit to their website by Gary to carry out a research indicates that he is engaging in the exploration step of the career development process.

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3 years ago
In your role as production planner, you have experienced too many stock outs on one particular item. This item has 348 pints of
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:( I don't know

Explanation:

8 0
3 years ago
The special account used only in the closing process to temporarily hold the amounts of revenues and expenses before the net dif
Nina [5.8K]

It is termed as Income Summary account.

<h3>Income summary account </h3>

The income summary account is a temporary account into which all income statement revenue and expense accounts are transferred at the end of an accounting period. The net amount transferred into the income summary account equals the net profit or net loss that the business incurred during the period.

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8 0
2 years ago
A change in the dollar value of the British pound from​ $1.60 to​ $1.50 represents A. an increase in the pound price of British
hram777 [196]

Answer:

Option (B) is correct.

Explanation:

1 pound = $1.60

1 pound = $1.50

So, there is a depreciation in the value of pound relative to the dollar and appreciation in the value of dollar relative to the pound.

Now, suppose a resident of united states purchase some quantity of goods(say, 20 shirts) from the seller in United kingdom.

Price of each shirt = 2 pounds

Hence,

Before the change in exchange rate, then the buyer have to pay in dollars:

= 20 × (2 × $1.60)

= 20 × 3.2

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After the change in exchange rate, then the buyer have to pay in dollars:

= 20 × (2 × $1.50)

= 20 × 3

= $60

Hence, the amount paid by the resident of united states reduced because of the fall in exchange rate. Now, they have to pay less for the same amount of commodities. This shows that there is an appreciation in the currency of US relative to UK.

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