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lutik1710 [3]
3 years ago
10

Suppose that in a given month $51 million is deposited into the banking system while $55 million is withdrawn. Also suppose that

the Fed has set the reserve requirement at 25 percent and that banks have no excess reserves at the beginning of the month. What is the maximum amount of new checkable-deposit money that can be created (or removed) by the banking system as a result of these deposits and withdrawals?
Business
1 answer:
galben [10]3 years ago
3 0

Answer and Explanation:

The computation of the maximum amount of new checkable deposit money is given below:

The Net impact represent the decrease in the reserves by

= $55 million - $51 million

= $4 million

Now the

Multiplier = 1 ÷ Reserve requirement

= 1 ÷ 25%

= 4

Now Decrease in money supply is

= $4 million × 4

= -$16 million

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Answer:

Performance-reward relationship

Explanation:

Jaime is used to having her high performance (top sales rep) earn her the rewards of recognition and success. Now that someone who hasn't reached the same level of performance that she has but got all the rewards (the promotion) she can no longer trust that better performance will lead to better rewards. When trust in work relationships is broken, people will lose satisfaction and search for new opportunities.

3 0
3 years ago
A $200,000 loan amortized over 12 years at an interest rate of 10% per year requires payments of $21,215.85 to completely remove
lesya [120]

Answer:

loan balance after 12 years = $185409.8

Explanation:

Loan principal = $200000

interest = 10% of principal

amount paid yearly  = $21215.85

For 1st year

principal for the first year = $200000

required interest to be paid = 10% of 200000 = $20000

amount paid = $21215.85

Loan Balance after first year = (principal for first year) - (amount paid - 10% of principal ) = $198,784.15

For 2nd year

principal for the 2nd year = Loan balance after first year = $198,784.15

loan balance after 2nd year = 198784.15 - ( 21215.85 - 10% of 198784.15)

= $197568.30

same applies for the different years until the 12th year

using this formula :

Loan Balance after Nth year = [ Loan balance after (n-1) year - ( amount paid - 10% of loan balance after (n-1) year ) ]

6 0
3 years ago
Dynamo Corporation manufactures toasters. Each toaster comes with a 5-year assurance-type warranty. The toasters sell for $60 ea
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Answer:

Journal entry to record sale of toasters and warranty

Dr Cash 36,000

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Dr Warranty liability 500

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Since the warranty covers a 5 year period, the remaining warranty expense cannot be recognized as warranty revenue yet. Only after the warranty period is over, will any money left over will be recognized as revenue.

7 0
3 years ago
PLEASE ANSWER FAST
baherus [9]
I believe it’s true and false cuz most of the time u Can’t get into the job that u wanted all the time but you can hope but I mean a job is a job
8 0
2 years ago
Producer surplus is:
Elena L [17]

Answer: Option (d) is correct.

Explanation:

Producer surplus is associated with the producer of a good. Graphically, producer surplus is the area between the upper portion of supply curve and equilibrium price level. Producer surplus is also defined as the difference between the price at which sellers are willing supply and the actual price they received.

Producers surplus = Price paid by buyers - Cost of production

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