Answer:
The maximum deposit is $4,000 billion.
Step-by-step explanation:
Consider the provided information.
It is given that the required reserve ratio of 10 percent for all banks.
It is given that total bank reserves of $400 billion.
Let the maximum deposit is x.
Therefore, 10% of x = $400 billion
Hence, the maximum deposit is $4,000 billion.
Answer:
Your Answer would be C: $37.95
Step-by-step explanation:
Take 3.45 Multiply by 11 And get your answer
37=30-2x
7=-2x
-3.5=x
x=-3.5
Answer:
Step-by-step explanation:
You don't say whether this is compound interest or simple interest.
I will assume it's compounding that interests you.
The appropriate formula is
A = P(1 + r)^t, where r is the interest rate as a decimal fraction, t is the time in years, and P is the original amount. Thus:
A = $1000·(1 + 0.05)^t, or A = $1000·(1.05)^t
Please note: There were apparently possible answer choices. Next time, please be sure to list such choices. Thank you.
Answer:
Your answer will be B).
Step-by-step explanation:
Hope this helps. Brainliest??