Answer:
Step-by-step explanation:
In a normal equation, y=mx+b, the constant of variation is the thing that "constantly" "varies" and in other words changes the same. This is the slope. In the equation, the slope is m.
-4y=8x
y=-2x
The constant of variation, aka slope, is -2
Answer:
= $3,888.89
Step-by-step explanation:
First, calculate the money multiplier(MM); which is the amount of money that is generated by the banks for each dollar of reserve. In this case, it describes how a deposited amount increases the total supply of money.
Money Multiplier = 1 / reserve ratio
Reserve ratio = 9% or 0.09
Therefore, money multiplier = 1/0.09 = 11.1111
Next, use the reserve ratio to calculate the amount of increase in money supply;
= 11.1111 * $350
= $3,888.89
