We are given with the principal amount of <span> $1 million and is asked in the problem to calculate for the money supply given the reserve ratio is 15%. The formula that is applicable to this problem is F = P / r where P is the principal amount, r is the ratio and F is the future/ money supply. In this case, upon substitution, F = $1 m million / 0.15 = $6.67 million. The money put into reserve is expected to increase after putting into reserve. The lower the reserve ratio, the higher the money supply will be. Conversely, the higher the principal amount, the higher the money supply.</span>
Answer:
The answer is B,
26-12.81=13.19
13.19-10=3.19
3.19/0.42 is a little greater than 7
The answer is D
Because of the points it’s at
I believe 10% because 390 and 39 are exactly the same numbers almost