Answer:
D)5,000; 7,000
Explanation:
Public is holding 2000 econs and banks reserves are 300 econs. It is mentioned that reserve requirement is 10%.
So total bank deposits must be 3000. Money supply in the economy is (3000 + 2000 = 5000)
When the reserve ratio is 0.1, that means the money multiplier is 10.
If there is an additional inflow of currency because of printing 200 econs by central bank then because of multiplier effect it will be 2000 econs.
Money supply from earlier 5000 econs will become 7000 econs.
Option D is correct.
I think this is important without a doubt . You might need to use that money someday for yourself but won't have it because you spent it on a HUGE list of groceries. If you put some money aside for yourself, you will have money that your allowed to do anything with (saving, buying clothes, buying cars, etc.) You should always save some of your payment that way you always have extra money in case of any money emergenies or such.
One year
7000×1.03^1 = $7210.00
two year
7000×1.03^2 = $7426.30
Answer: Gambling iis an issue here are some reasons why
Explanation:
Gambling means to bet on something of which the outcome is not sure.
It can take on form of playing games in the hope that some money could be won.
Although gambling is legal, it gives false hope.
The scenario above depicts of Bret illustrating a division
of labor in which is in lined with how he was able to identify the tasks that
are to be accomplished and those things that are to be assigned to each
employees in each task.
