1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Andreas93 [3]
3 years ago
5

Suppose that the public holds 50% of the money supply in currency and the reserve requirement is 20%. Banks hold no excess reser

ves. A customer deposits $6,000 in her checkable deposit. Assume that after receiving the deposit, the bank lends out its excess reserves. When the loan is spent, _____ of the loan will be a checkable deposit and _____ will be held by the public as cash. $6,000; $0
Business
1 answer:
astra-53 [7]3 years ago
4 0

Answer: $2,400; $2,400

Explanation:

If a deposit of $6,000 is made, the reserve requirement is 20% so the bank will have to reserve this amount of:

= 6,000 * 20%

= $1,200

The bank will be left with:

= 6,000 - 1,200

= $4,800

The bank lends all of this out.

The public holds 50% of the currency so they will keep:

= 50% * 4,800

= $2,400

The rest - which is $2,400 - will be deposited as checkable deposits.

You might be interested in
A recent study conducted by the state government attempts to determine whether the voting public supports a further increase in
wolverine [178]
Fthbnjg crcyvycyctxrxexexezeze
8 0
3 years ago
The relationship between employer and employee can be thought of in terms of a(n) ____, a description of what an employee expect
nydimaria [60]

Answer:

The answer is: psychological contract

Explanation:

Psychological contracts are the expectations or promises exchanged between the parties; employer, employee, or even fellow employees, in an employment relationship. They are not written contracts, but they often implicit or understood between the parties. For example, an employee expects that if he or she works really hard, eventually he or she will receive a promotion or a salary raise.

8 0
3 years ago
Match the steps for conducting an informational interview with the task involved in each step or its purpose.
notsponge [240]

Explanation:

Informational interview is a bit different interview than a conventional interview. In this interview, a person seeks information from the interviewer. For example if you wish to take an interview of a scientist, you are actually seeking information from him.

In this question, the steps for conducting an informational interview match the following tasks:

1) Research your chosen career field.

a) Learn more about the company that interests you.

2) Identify someone to interview.

b) Make contact through email, a phone call, or mail to arrange the meeting.

3)Prepare for the interview

c) Choose a conservative, professional ensemble to wear

4) Conduct the informational interview

d) Encourage the interviewer to do most of the talking while you take notes

5) Follow up with your interviewer

e) Write a handwritten thank you letter to express that you want to say in touch.

6 0
4 years ago
On February 1, you bought 100 shares of stock in the Francesca Corporation for $42 a share and a year later you sold it for $46
Luden [163]

Answer:

12.381%

Explanation:

For computing HPY and HPR, the formula is same which is given below:

The formula to compute the HPY is shown below

= Dividend income + (Selling price - purchase price) ÷ purchase price

= ($1.20 + $46 per share - $42 per share) ÷ $42 per share

= ($1.20 + $4 per share)  ÷ $42 per share)

= $5.20 per share ÷ $42 per share

= 12.381%

6 0
3 years ago
Stewart inc.'s latest eps was $3.50, its book value per share was $22.75, it had 215,000 shares outstanding, and its debt-to-ass
Vikki [24]
<span>80,000 people who traveled to the West in search of riches</span>
4 0
3 years ago
Other questions:
  • A budget that allocates increased or decreased funds to a department by using the last budget period as a reference point is cal
    13·1 answer
  • Which of the following circumstances usually comes before a period of economic contraction?
    6·1 answer
  • Petrus Framing's cost formula for its supplies cost is $2,300 per month plus $6 per frame. For the month of March, the company p
    6·1 answer
  • McCaffrey Corporation owned 15,000 shares of Harper Corporation’s $5 par value common stock. These shares were purchased in 2015
    6·1 answer
  • Please give a unique example of what you could realistically make a database for. Give examples of at least 5 lists that would b
    6·1 answer
  • Hillary enters into a shipment contract with a dress manufacturer for fifty red dresses. The dress manufacturer sends fifty blue
    11·1 answer
  • Is shift work involved in electrician?
    8·1 answer
  • 1. Which of the following is an example of the resource-based view of the firm? a. Philip Morris diversified by purchasing Kraft
    14·1 answer
  • Lonergan Company occasionally uses its accounts receivable to obtain immediate cash. At the end of June 2021, the company had ac
    12·1 answer
  • Provide an example of two companies that have built in effective co-opetition. Briefly explain the benefit of the relationship d
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!