Answer:
Conduct market research
Market research will tell you if there’s an opportunity to turn your idea into a successful business. It’s a way to gather information about potential customers and businesses already operating in your area. Use that information to find a competitive advantage for your business.
Explanation:
Answer:
Do you need help with this? or
Explanation:
Answer:
The correct answers are:
A) Common resource
B) Private good
C) Public good
Explanation:
A) Common resources are natural sources, goods or services that provide tangible benefits. In the example, even if the treadmill is inside a fitness room that is open to the public, it is not a public good itself because the treadmill can be used only once at the time.
B) Private goods are those that someone can claim for ownership. In the case, the new drone is only being lent by one person so the others take turns to use it but, it belongs to that very same person.
C) Public goods can be consumed by an individual without the need of taking away others the possibility of using them at the same time. The clock in the park can be freely used by anybody -at any moment- who is around that place.
Answer:
The Required Reserve Ratio is 25% for all banks. Assuming that all the customers that have outstanding loans have used all of those additional funds to invest in new machinery for their businesses (therefore, the amount of Checkable Deposits is the true liability the bank has to its customers), the whole system (these three banks) is capable of creating $___3,400,000____ in new loans.
Explanation:
a) Data and Calculations:
Required Reserve Ratio (RRR) = 25%
Checkable Deposits:
First National Bank $250,000
Second National Bank 100,000
Third National Bank 500,000
Total of Checkable Deposits = $850,000
Money Supply = Total Checkable Deposits/Required Reserve Ratio
= $850,000/25%
= $3,400,000
b) The computation of the total Money Supply is based on the stated assumption that "all the customers that have outstanding loans have used all of those additional funds to invest in new machinery for their businesses (therefore, the amount of Checkable Deposits is the true liability the bank has to its customers)."
