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Eduardwww [97]
3 years ago
11

Suppose that you take $150 in currency out of your pocket and deposit it in your checking account. If the required reserve ratio

is 8%, what is the largest amount (in dollars) by which the money supply can increase as a result of your action
Business
1 answer:
nexus9112 [7]3 years ago
6 0

Answer:

The answer is $1,875

Explanation:

Money multplier effect = 1 / required reserve ratio .

And the required reserve ratio is 8 percent

Deposit into the checking account is $150.

Money multplier effect = 1 / 0.08

12.5

Therefore, the largest amount (in dollars) by which the money supply can increase as a result of the deposit of $150 is:

12.5 x $150

=$1,875

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LenaWriter [7]

Answer:

E.  By providing a variety of products in one location

Explanation:

Assortment refers to different varieties of products and services a business creates, subsequently made available for sale.

Assortment is includes the number of product lines of a business, the number of products in a particular business line and how related the product lines are to one another.

Intermediaries are the ones who operate between manufacturers and customers and all parties who are involved in the transfer of products from the place of manufacture to their ultimate delivery to the customers.

Intermediaries are basically wholesalers, retailers, agents, etc.

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6 0
3 years ago
A $3,000 annual contribution to a retirement account earning 6% will be worth ____ in 20 years.
Bond [772]

Answer with Explanation:

Question does not state what kind of interest, here are the three common possibilities:

1. Simple interest of 6%:

Future value (FV) = 3000*(1+0.06*20) = $6600

2. compounded annually:

Future value (FV) = 3000*(1+0.06)^20 = $9621.41 (nearest cent)

3. compounded monthly:

Future value (FV) = 3000*(1+0.06/12)^(20*12) = $9930.61 (nearest cent)

4 0
3 years ago
Read 2 more answers
Barbara owes arturo $2,000. on july 1, arturo assigns the debt to charles. thereafter on july 15, arturo assigns the same right
Alecsey [184]

Answer:

c.under the english rule, dennis has priority.

Explanation:

English rule is define as a an assessment related to a lawyer's fees when a litigation takes place.

The party that loses a case is obligated to.pay the legal fees of the other party.

On the other hand the American rule requires each party to pay it's own legal fees.

Beneficial ownership of a debt can be assigned, even though legal ownership cannot be assigned. An equitable assignment takes precedence over legal assignment.

In this scenario Dennis receives assignment of a debt from Charles, and is not aware of the first assignment (Arturo to Charles), so he is given priority

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3 years ago
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