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
A mile or two can add up to ether 5,280 or 1,760 I'm sorry I'm kinda good at math hope that helps
33 would be 30 and 89 would be 90
Answer:
2(x-15000y)
Step-by-step explanation:
2x-30000y
2(x-15000y)
