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Troyanec [42]
3 years ago
12

The people in an economy have $10 million in money. there is only one bank that all the people deposit their money in and it hol

ds 10% of the deposits as reserves. what is the money multiplier in this economy?
Business
1 answer:
Marrrta [24]3 years ago
6 0
The Money Multiplier of the said economy is ten (10).

The money multiplier <span>is referred to be as the amount of </span>money<span> that banks create with the collection of each dollar of reserves. Reserves is defined as the amount of deposits that the Federal Reserve requires each bank to hold and not lend to other people. The </span>money multiplier<span> is considered to be the ratio of deposits to the reserves in the banking system.</span>
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Hi there
Excess reserve balance is
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Answer:

suppliers

Explanation:

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4 0
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(A) True

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4 0
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fredd [130]

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Shkiper50 [21]

Answer:

Ans. rate of return= 7.37%

Explanation:

The easiest way to find this discount rate is to set a MS Excel sheet and use the function "Find Goal". In the attachments, there is a spreadsheet that I got ready for you. There are 2 cells in color, one is yellow and the other one is green. You just go ahead and replace the value of the green cell with any percentage that you want, for example, 2%, then use the function "find goal" and set the objective cell to be the yellow cell (B5), changing the cell in green (B7), and hit enter.

Best of luck.

Download xlsx
8 0
3 years ago
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