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Papessa [141]
3 years ago
14

Suppose Ginger deposits $12,000 in cash into her checking account at the Bank of Skidoo. The Bank of Skidoo has no excess reserv

es and is subject to a 4 percent required reserve ratio.
Business
1 answer:
Alborosie3 years ago
5 0

Answer:

The question is incomplete since the requirements are missing, but I guess that it deals with the bank's ability to create money.

When you deposit money into a bank account, the bank will then lend most of that money to other clients. This is possible due to the money multiplier = 1 / required reserve rate = 1 / 4% = 25

the total increase in money supply = $12,000 x 25 = $300,000

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<h3>How much mining is done in Central Africa?</h3>

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Which one of the following statements does NOT describe a problem with using ROE as a performance measure? A. ROE measures retur
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What does the communication technique "slow down and be patient" mean
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Communication technique are ways of passing information from one person to another, the communication technique "slow down and be patient" symbolized that when you are making a speech, you need to Slow your speech so the person has time to think about each word you say, and a he/she will be able to give the necessary response or act accordingly to the speech.

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