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Cloud [144]
3 years ago
10

You just deposited $4,000 in cash into a checking account at the local bank. Assume that banks lend out all excess reserves and

there are no leaks in the banking system. That is, all money lent by banks gets deposited in the banking system. Round your answers to the nearest dollar. If the reserve requirement is 20 %, how much will your deposit increase the total value of checkable bank deposits
Business
1 answer:
ycow [4]3 years ago
5 0

Answer: $20,000

Explanation:

The reserve requirement is a central bank regulation which sets minimum amount of reserves which must be held by a commercial bank.

When reserve requirement = 20%

= 20/100

= 0.20

Total increase in the checkable deposit will be = $4,000 / 0.20= $20,000

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The answer is option 4 more and increased.

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Jack and Jill have a tenancy in common in an apartment building. After ten years of ownership, Jill dies unexpectedly. On Jill's
Basile [38]
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Explanation:

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Understanding the above terms, We can say, Jack and Jill have been a tenant and after ten years, Jill dies. So the rest of the interest in the property will definitely go to his heirs only.

It cannot be passed to Jack because Jill's interest will not be paid by other person except for Jill's heirs. Jack heirs are no way responsible or own the property of Jack.

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telo118 [61]

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c. It is easily adaptable to as many suppliers as you need to evaluate

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3 years ago
Read 2 more answers
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