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
iVinArrow [24]
3 years ago
10

Suppose you win on a scratch‑off lottery ticket and you decide to put all of your $ 3,500 winnings in the bank. The reserve requ

irement is 5 % . What is the maximum possible increase in the money supply as a result of your bank deposit?
Business
1 answer:
Katarina [22]3 years ago
5 0

Answer:

$3,325

Explanation:

Reserves are maintained to fulfil the customers withdrawal requirement. It is imposed by the State bank over the Banks to hold a specific percent of cash as reserves. Bank hold the reserves and invest or utilize the residual in the market.

In this question 5% of $3,500 will be reserved and the remaining $3,325 will be available for the money supply in the market in different forms.

the maximum possible increase in the money supply as a result of your bank deposit is $3,325.

You might be interested in
During the recent economic crisis, many financial managers and corporate officers have been criticized for (a) poor decisions, (
Ksju [112]
<span>During the recent financial crisis, many financial managers and corporate officers have been criticized for (c) Large salaries. This criticism is certainly justified given that most executives received exorbitant compensation despite a plunge in the value of their companies. Thus, their salaries are not justifiable as they are not serving the needs of the shareholders whose interest they should serve. </span>
7 0
3 years ago
The cost of goods for Mandy Manufacturing Company flow through an assembly and a finishing department before being transferred t
laila [671]

Answer:

Option (D) is correct.

Explanation:

Given that,

Beginning work in process = $4,000

Ending work in process in finishing department = $6,000

Cost transferred = $47,000

Direct material = $15,000

Direct labor  = $46,000

Overhead  = $22,000

Cost incurred in finishing department:

= Beginning work in process + Cost transferred + Direct material + Direct labor + Overhead

= $4,000 + $47,000 + $15,000 + $46,000 + $22,000

= $134,000

Cost of goods transferred to the Finished Goods Inventory account:

= Cost incurred in finishing - Ending work in process

= $134,000 - $6,000

= $128,000

5 0
3 years ago
If a school keeps two lists, one for student registration and one for student financial information, both containing name and ad
PIT_PIT [208]

Answer: Redundancy

Explanation:

  The data redundancy is one of the type of condition in the database where we can easily store our data or information in more than two different places in the computer system memory. It is basically helps in correcting and also detecting the different types of errors in the stored data.

According to the given question, the school is basically keeping the two different list but the address and the name of the student information are similar and this is refers as data redundancy.  

 Therefore, Redundancy us the correct answer.

5 0
3 years ago
Which of the following would be an advantage of engaging in international
lbvjy [14]

Answer:

B. Larger growth opportunities based on market size

Explanation:

Took the test and guessed it correctly

4 0
3 years ago
Who is primarily responsible for determining the market value of the home you want to buy?
andreev551 [17]

Answer:

there is no "individual" person or a central authority that dictates the market value of a home, instead, it is influenced by several market conditions and factors such as,

External characteristics: home condition, lot size, popularity of an architectural style, water or sewage systems, sidewalk, paved road and so on.

Internal characteristics: size and number of rooms, construction quality, appliance condition, heating type, energy efficiency and so on.  

Supply and demand

Location

Explanation:

6 0
3 years ago
Other questions:
  • Conditions that can create conflicts can be classified into three categories. Which of the following is one of these three categ
    12·1 answer
  • Explain how e-business has created a new type of strategic alliance among companies.
    9·1 answer
  • A company uses radio frequency identification (RFID) tags to keep track of its inventory. This is an example of the impact of te
    8·1 answer
  • Japan and russia disagree over ownership of which islands?
    13·1 answer
  • Following is the income statement for Nordstrom Company. Assume that the combined federal and state statutory tax rate is 37%. (
    8·1 answer
  • Wayne Company's beginning and ending inventories for the month of June were as follows:
    15·1 answer
  • Serena the Chief Financial Officer has a decision to make. She has to rank several alternatives for purchasing a new piece of eq
    5·1 answer
  • It is enough to describe the proposed business as a sole proprietorship in the business description
    14·2 answers
  • Describe the functions of SARB​
    6·2 answers
  • firms should emphasize the importance of consistently good customer service to its employees so that good customer service becom
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!