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Ludmilka [50]
3 years ago
6

In Macroland there is $10,000,000 in currency. The public holds half of the currency and banks hold the rest as reserves. If ban

ks' desired reserve/deposit ratio is 10%, deposits in Macroland equal ________ and the money supply equals ________.
Business
1 answer:
kipiarov [429]3 years ago
3 0

Answer:

$50,000,000; $55,000,000

Explanation:

In Macroland there is $10,000,000 in currency. The public holds half of the currency and banks hold the rest as reserves. If banks' desired reserve/deposit ratio is 10%, deposits in Macroland equal <u>$50,000,000 </u> and the money supply equals <u>$55,000,000</u>

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Carlos opens a dry cleaning store during the year. He invests $30,000 of his own money and borrows $60,000 from a local bank. He
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Answer:

$30,000

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6 0
3 years ago
General Forge and Foundry Company has a quick ratio of 2.00; $38,250 in cash; $21,250 in accounts receivable; some inventory; to
Vlada [557]

Answer:

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4 0
3 years ago
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kondaur [170]

Answer:

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