Answer:
1. change in money supply= 500*10=$5000
2. change in money supply = 800*5 = $4000
3. change in money supply = 3000* 2= $6000
4. change in money supply = 500* 10 = $5000
5. change in money supply = 5,000,000*50 =$250,000,000
Explanation:
Change in money supply= change in reserves* money multiplier
money multiplier = 1/ reserve ratio
Answer:
No there was no contract, there was at best an agreement to agree (an agreement based on understanding that a future arrangement can be made).
Nina said she was still thinking about her son's proposal and had not decided yet, so there was no contract.
Oral contracts is a spoken agreement between two parties that may be legally binding.
Breach of oral contract can be hard to prove since it is not written down.
An oral agreement between family members is not enough to be considered a contract.
Explanation:
If Chloe did not pay off the loan, she will payout 263.75 x 12 = $3165.00
However, if Chloe pays off the loan with the sixth payment, she will pay out (263.75 x 5) + 1,786.20 = $3,086.95.
But the question is how much will she save? To get the answer just follow this: 3165.00 - 3086.95 = $78.05
Therefore, Chloe saves $78.05
