Answer: The deposit-creation potential of the banking system is $500 million.
Explanation: To solve: take the money that the banking system has in excess reserves $50 million and multiply it by the reserve ratio of 10%. $50,000,000 x 10 = $500,000,000
The answer is "true".
Critical thinking and information literacy share numerous shared objectives. In a general sense, critical thinking includes the orderly and fitting investigation and assessment of thoughts to make a choice or framing a sentiment on a theme or issue. Information literacy skills are firmly entwined with basic reasoning, as data proficiency requires understudies build up a proper research question, find pertinent data, assess it, apply it to their inquiry, and impart the outcomes.
Answer:
An inferior good.
Explanation:
Normal Good
This is simply known as goods whose demand increases as income of people rises and the demand falls also when there is a fall in income.
Inferior Good
This is simply known as goods that their demand reduced or decreases when the income of consumers do rises and also the demand also rises when consumer income falls. This is quite different fro. normal goods, for which the opposite is observed.
An increase in disposable income simply shows that the demand curve shifts rightwards and it depend largely o whether the goods is a normal goods or inferior goods.
True, because as time goes on, cultures mix and evolve according to what resources are available.
