If the required reserve ratio is 15 percent, the simple deposit multiplier is:_____
1 answer:
Answer:
C. 6.67
Step-by-step explanation:
Given
Reserve Ratio (RR) = 15%
Required
Determine the simple deposit multiplier
Simple deposit multiplier (M) is calculated by taking the inverse of RR.
The following formula applies:
Substitute 15% for RR
Convert 15% to decimal
<em>Hence, option C answers the question</em>
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Answer:
see explaination
Step-by-step explanation:
1) Lets form the regression equation from the data results
Size = -1.633+ 0.4485*FamilyIncome + 4.2615*FamilySize - 0.6517*Education
-1.633+ 0.4485*40+ 4.2615*4 - 0.6517*13 =24.88
2) For the model to be reasonable, we must check the significant F stat from the anova table( see attachment)
From the table at attachment we can deduce; as the significant F is less 0.01 , we can safely conclude that the model is signifcant
3) all variables that have a p value less than 0.01 can be safely removed from the model as they do not contribute sigificantly from the model
so education can be removed from the model
