Answer:
The money supply increases by $3300.
Explanation:
Money multiplier = 1/reserve ratio
= 1/0.4
= 2.5
the change in the money supply = deposit *multiplier -deposit
= $2,200*2.5 - $2,200
= $3300
Therefore, The money supply increases by $3300.
Answer:
C. Banks make private loans; their conclusions on who is creditworthy are not made public.
Explanation:
Investors in financial instruments who engage in information collection face a free-rider problem, which means other investors may be able to benefit from their information without paying for it.
Individual investors, therefore, have inadequate incentives to devote resources to gather information about borrowers who issue securities.
Answer:
gold,crops, crisis, poverty
The minimum requirement of salary = $53760
<u>Explanation:</u>
Cost of living in city is 12 percent higher than where Luke Anderson lives. So, Luke Anderson will require 12 percent higher salary than existing salary in order to maintain the existing standard of living
<u>The calculations are as follows.
</u>
Current salary of Luke Anderson = $48000
12 percent increase = 48000 multiply with 12 percent = 5760
Thus, the required minimum salary = 48000+ 5760 = 53760
So, Luke Anderson will require minimum salary of $53760
would say that it is true. But I'm not completely sure
