1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
cestrela7 [59]
3 years ago
14

After saving money in his piggy bank for three years, Omar decided to deposit $2,500 of the money in the local bank. If the bank

were fully loaned out and the reserve requirement was 20 percent, then the change in the dollar value of the total money supply would be __________.
Business
1 answer:
NeTakaya3 years ago
5 0

Answer:

The money supply will increase by 12,500 dollars

Explanation:

when the money is deposited the loan will make the required reveneus and start loans for the remained over and over

The multiplier effect will be 1/required reserve ratio: 1/0.2 = 5

we multiply 2,500 dollars times the money multiplier of 5

total icnrease inthe money supply: 2,500 x 5 = 12,500

You might be interested in
Peter, has discovered another wine, wine D. Wine drinkers are willing to pay 45 dollars to drink it right now. The amount that w
BabaBlast [244]

Answer:

e. 71 dollars

Explanation:

Peter was willing  to but the wine for $45

In a year, there is an increase of $15 = $45 + $15 = $60

The interest rate of 10% of $60 = $6

Total = $66 ~ $70

Therefore, the amount he is willing to pay for the win if he buys it as investment would be 71 dollars.

6 0
2 years ago
Which country consumes the most chocolate per person?
vagabundo [1.1K]

Answer:

switzerland

Explanation:

4 0
2 years ago
A company purchased a computer system at a cost of $25,000. The estimated useful life is 8 years, and the estimated residual val
FrozenT [24]

Answer:

$4,687.50

Explanation:

The computation of the depreciation expense of the second year using the double-declining method is shown below:

First we have to determine the depreciation rate which is given below:

= One ÷ useful life

= 1 ÷ 4

= 12.5%

Now the rate is double So, 25%

In year 1, the original cost is $25,000, so the depreciation is $6,250 after applying the 25% depreciation rate

And, in year 2, the ($25,000 - $6,250) × 25% = $4,687.50

5 0
3 years ago
Three contractors (call them a, b, and
patriot [66]

Answer:  The probabilities of winning a contract are

P(A) = \frac{28}{36}  

P(B) = \frac{7}{36}  

P(C) = \frac{1}{36}


Let the Probability of C winning the contract - P(C) be 'X'

Then,

Probability of B winning the contract - P(B) will be '7X'     and

Probability of A winning the contract - P(A) will be \mathbf{P(A) = 4 * P(B) = 4*7X = 28X}

Since the total of all the probabilities is 1,

\mathbf{P(A) + P(B) + P(C) =1}

\mathbf{28X + 7X + X =1}

\mathbf{36X =1}

\mathbf{X =\frac{1}{36}}

So,

P(A) = \frac{28}{36}

P(B) = \frac{7}{36}

P(C) = \frac{1}{36}

4 0
3 years ago
An omitted variable is a variable that: 1. is purposely left out as it does not aid an economic analysis. 2. is removed from a s
Romashka-Z-Leto [24]

Answer:

The correct answer is 4

Explanation:

OVB stands for the Omitted Variable bias, is the term which is defined as the any variable which is not involves or included as the independent variable in the regression, which could influence or impact the variable that is dependent.

From the above options, the omitted variable is the variable which is defined as the which has been left out, if involves, will state the reason why the variable will be considered in the study are correlated to each other.

4 0
3 years ago
Other questions:
  • One of the costs listed below is an opportunity cost. identify this cost.
    11·1 answer
  • In one state, a mortgagee holds legal title to real property offered as collateral for a loan, and the mortgagor retains the rig
    12·1 answer
  • The marginal utility from drinking one more glass of water is likely to be __________ the marginal utility from going to one mov
    13·1 answer
  • Which of the following reflects a true relationship between making decisions and reaching objectives
    13·1 answer
  • Shen purchased corporate stock for $20,000 on april 10, 2015. on july 14, 2017, when the stock was worth $12,000, shen died and
    15·1 answer
  • When modeling the right to develop an oil property as a real option, and in the presence of fixed costs, using oil price volatil
    15·1 answer
  • .3Simba and Zola are married but file separate returns. Simba received $80,000 of salary and $1,200 of taxable dividends on stoc
    5·1 answer
  • Sela traveled from her home in Flagstaff to San Francisco to seek specialized medical care. Because she was unable to travel​ al
    7·1 answer
  • PLZZZZ HELPP FASST
    15·1 answer
  • The Big Black Bird Company​ (BBBC) has a large order for special​ plastic-lined military uniforms to be used in an urgent milita
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!