If the banking system does NOT want to hold any excess reserves, $250,000 will be <u>added </u>to the money supply.
<h3>What is an excess reserves?</h3>
Excess reserves is known to be the capital reserves that is said to be held by a bank or financial institution and it is one that is too much or is in excess of what is needed by regulators, creditors, or others.
Since there is $25,000 worth of U.S. Treasury bills, one will multiply it times 10 = $250,000
Therefore, If the banking system does NOT want to hold any excess reserves, $250,000 will be <u>added </u>to the money supply.
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Answer: b. the minor's parents or guardians are responsible
The minor's parents or guardians are responsible for the financial consequences of a minor's driving, whether the minor has a license or not. It is a law under a legal concept called "vicarious liability" imposed in most states in the U.S
Answer:
The correct answer is B.
Explanation:
Giving the following information:
The current price of a market basket of goods is $2,500 and the base year price of the same market basket is $2,000.
To calculate the price index we need to make a simple division:
Price index= P1/P0
PI= 2,500/2,000= 1.25*100= 125%
Answer:
a We can more easily obtain products from all over the world