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.
50L x 3 = 150. 4L x 15 = 60. 0.2L x 12 = 2.4. 150 + 60 + 2.4 = 212.4L.
Answer:
A $2000
Step-by-step explanation:
Let x be the least amount of money the club has to make to get $600 then...
30%x=600
We can convert 30% to a fraction. Any percentage is that number percent over hundred:
Simplify the fraction by dividing it by 10/10. Notice we can only do this since 10/10 is equivalent to 1, so in a sense we are dividing the fraction by 1:
Multiply 10 to both sides
Divide both sides by 3
The club would have to make at least $2000