First, calculate the money multiplier(MM); which is the amount of money that is generated by the banks for each dollar of reserve. In this case, it describes how a deposited amount increases the total supply of money.

Money Multiplier = 1 / reserve ratio

Reserve ratio = 9% or 0.09

Therefore, money multiplier = 1/0.09 = 11.1111

Next, use the reserve ratio to calculate the amount of increase in money supply;

= 11.1111 * $350

= $3,888.89

5 0

4 years ago

What is the midpoint of the segment with the given endpoints. (2,9) and (-10,-3)

charle [14.2K]

That’s the answer for your question

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4 years ago

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True or False it's possible to build a triangle with side lengths of 5,5, and 10.

alisha [4.7K]

It's not possible, because the sum of the lenghts of every two sides of a triangle has to be greater than the length of the third one. It this case that condition isn't met: $5+5\not>10$

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3 years ago

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