Answer: $623
Step-by-step explanation:
calculation of Finance charge due on October 14
(+) $ 559 due on sep 14, $ 559 * (19.5*31) / (100 * 365) = $ 9.20
(+) purchase $ 289 on sep 19, $ 289 * (19.5*26 ) / (100 * 365) = $ 2.42
(+) finance charge on sep 28, $ 18 *(19.5*17 ) / (100 * 365) = $ 0.17
(-) Repayment on 25 sep , $ 250 * (19.5*20 ) / (100 * 365) = (2.745)
Total finance charges from 14 sep to 14 oct = $ 9.7= appr. 10
Amount due on 14 October = $559+$289+$15+$11.855- $250
= $ 623
Answer:
12(7 - 3)
Step-by-step explanation:
All the other do not equal anything.
4 x 1/5 is 4/5 so it is not that one. 1/5+1/5+1/5+1/5 equals 4/5 so it is not that one. 2 x 2/5 is 4/5 so it is not that one.
2+2/5 is 12/5 so this expression does not equal 4/5
the answer is 20 because 20/10=2 and 2*10 is 20 so that is why 20 is your answer
Answer:
reserves increase by $100 million and the money supply increases by more than $100 million.
Step-by-step explanation:
Consider the provided information.
It is given that central bank buys $100 million worth of bonds, that means an amount of $100 million in the deposits account of the account holders.
Therefore the reserves increase by $100 million.
It is also given that there are no excess reserves, it means banks can lend the reserves and that will increase the money supply by more than $100 million.
Hence, reserves increase by $100 million and the money supply increases by more than $100 million.
