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Art [367]
4 years ago
10

Suppose warren buffet withdraws $1 million from his checking account at chase manhattan bank. if the required reserve ratio is 2

0 percent, what is the maximum change in deposits in the banking system?
Business
1 answer:
AnnZ [28]4 years ago
4 0

Answer:

-$5 million

Explanation:

In this question, we are asked to calculate the maximum change in banking system deposits as a result of a withdrawal.

mathematically;

change in checking deposits = Change in Reserves * 1/Reserve Requirement

From the question, the reserve requirement is 20% = 20/100 = 0.2

The change is thus -1 million * 1/0.2

-1 million * 5 = -$5 million

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The theory of ______ states that the prices of tradable goods, when expressed in a common currency, will tend to equalize across
IgorLugansk [536]
The answer is; Purchasing Power Parity.

<em>Hope this helped! :)</em>
3 0
3 years ago
Nicola is the most qualified candidate for the job of marketing manager at Lean Inc. However, the recruiters do not hire her bec
REY [17]

Answer:

Glass ceiling effect

Explanation:

Nicola is experiencing the glass ceiling effect,which is a barrier or resistance to the efforts of women and minorities to reach the top ranks of management in major corporations. This term refers to gender gap in managerial or executive positions in an organization that is faced by women and minorities even though they are well qualified for such positions. women in such organizations find themselves unable to advance beyond a certain level of management.

8 0
4 years ago
Flagg records adjusting entries at its December 31 year end. At December 31, employees had earned $8,800 of unpaid and unrecorde
Zepler [3.9K]

Answer:

Debt Salaries payable is $8800

Credit Salaries expense is $8800

Explanation:

given data

earn unpaid and unrecorded salaries = $8,800

paid = $22,000

to find out

journal entry to reverse the effect

solution

here journal entry to reverse the effect January 1 journal entry to reverse the effect of the December 31 salary expense accrual is as

particular                                  debt                               credit

Salaries payable                      $8800

Salaries expense                                                           $8800

as here unpaid salaries of December is paid in January

7 0
3 years ago
Mike organizes a group of students upset over the food selection in the cafeteria. He assigns times for students to stand in the
alukav5142 [94]

Answer:

interest group

Explanation:

Based on the information provided within the question it can be said that this is an example of an interest group. This term refers to group of individuals that share a common interest and because of it work in unison in order to influence the government so that they promote and protect that interest. Which in this scenario the group's main interest is on the food selection in the cafeteria, and are working together to influence the organizational entity to change it.

3 0
3 years ago
As a manager, you are being charged with reducing cost in a satellite laboratory; the physical environment of the workplace is a
hichkok12 [17]

As a manager, you are being charged with reducing cost in a satellite laboratory; the physical environment of the workplace is a component of in Planning this case.

<h3>What is the planning in management?</h3>

Planning in management is about what steps you need to take to reach the goal, what changes and hurdles to anticipate, and how to utilise human resources and opportunities to reach the expected outcome.

<h3>Why is planning is important?</h3>

Planning helps us see in advance those things that can help us achieve our goal and those things that can prevent us from achieving our goal and work out what to do about them. Planning helps us to be accountable for what we do.

Learn more about planning:

brainly.com/question/24864915

#SPJ4

5 0
2 years ago
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