Answer:
If, the reserve requirement is 10%, then the money supply reserve multiplier is 10 and the money supply should be 10 times reserves. When a reserve requirement is 10%, this also means that a bank can lend 90% of its deposits.
Explanation:
Answer:
People around the world
Explanation:
Globalization is a term used to describe the increasing connectedness and interdependence of world cultures and economies. It cut across every corners of the world.
A multiple-choice test is a good example of a test of: recognition.
Recognition tests sees what a person has been taught before and allows them to pick the appropriate response to a question based on what they've learned previously. When you are picking from a list of choices, you are able to see various answers that could be correct but are expected to be able to decipher between them and chose the right one.
The answer to this question is <span>Longitudinal Study
The main purpose of this type of study is to find out whether a certain variable will give different response if the time factor is change.
Examples of this time of study would be: a sudy to find out how long it need for a certain viruss to develop if it got injected since early age.</span>
Answer:
Explanation: A 529 Plan is an educational savings plan with tax advantage to the saver and it is also known as legally as a qualified tuition plan.
It is authorized by Section 529 of the Internal Revenue Code and sponsored by state agencies or educational institutions.
It is important to know that the interest generated under the 529 plan is not taxable by government.
Basically the 529 plan is for future educationally qualified expenses.
While a traditional saving account
is a normal savings account where one can save money in and also has the right to withdraw such funds whenever the funds are needed.
A traditional savings plan also generates interest but the interest generated are taxable. The interest generated on this account are usually moderate as the fund s are not held for a long time.
