Answer:
The correct answer is $30 billions.
Explanation:
The checkable deposits are given as $140 billions.
The total reserves are $51 billions.
The required reserve rate is 30%.
The required reserves will be
=30% of $140 billions
=
=$42 billions
The excess reserves will be
=total reserves-required reserves
=$51-$42
=$9 billions
Maximum expansion by lending will be
=
=
=$30 billions
So, the money supply can be expanded by a maximum amount of $30 billions.
Answer:
Here's Mia's profit for the month. Decide how much Mia should put into her savings account.
From the analogy, it is expedient of Mia to save $150 after accruing the sum of $1500 as profit gained.
Explanation:
Most often, it is economically wise to save 10% of ones profits, this enables the saving balance to quickly increase over time.
Answer:
Comparative advantage.
Explanation:
Comparative advantage in economics is the ability of an individual or country to produce a specific good or service at a lower opportunity cost better than another individual or country.
The comparative advantage gives a country a stronger sales margin than their competitors as they are able to sell their specific products or render their peculiar services at a lower opportunity cost.
In 1817, David Ricardo who is an english political economist talked about the law of comparative advantage in his book “On the Principles of Political Economy and Taxation." Also, the principle of comparative advantage states that, nations (countries) can become better off than their contemporaries through the process of specializing in what they know how to produce or do best.
This simply means that, any country applying the principle of comparative advantage, would enjoy an increase in output and consequently, a boost in their Gross Domestic Products (GDP).
In general, individuals and nations should specialize in producing those goods for which they have a comparative advantage.
Answer: Oncologist
Explanation: An oncologist is a doctor that has specialized his skills in cancer treatment. Oncology has three major branches in it medical, surgical and radiation.
An oncologist also specializes in diseases like anemia, hemophilia, sickle cell disease, lymphoma and leukemia.
Hence, the correct answer to the given problem is oncologist.
