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3 years ago

Marcus set a goal to buy a used car in the next few months. He plans to make a $2,500

1 answer:

6 0

I believe that it will take Marcus 8 months to save 2,500 since he already has 1,300 if you subtract that from 2,500 you get 1,200 and 150 x 8 = 1,200

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Suppose you deposit $2 comma 5002,500 cash into your checking account. By how much will checking deposits in the banking system

algol13

Answer:

The change in checking deposit is equal to $22,727.27.

Explanation:

An amount of $2,500 is deposited in a checking account.

The required reserve ratio is 0.11 or 11%.

A part of this deposit will go to the required reserve and the rest will be added in the checking deposit of the bank.

The change in the checking deposits will be

= $\frac{1}{RR} \times$ amount deposited

= $\frac{1}{0.11}\times \$ 2,500$

= $22,727.27

3 0

3 years ago

Which of the following statements is CORRECT? a. One advantage of the corporate form of organization is that liability of the ow

elena-s [515]

Answer:

a. Liability of the owners of the firm is limited to their investment in the firm.

Explanation:

A corporation is defined as a form of business owned by shareholders and controlled by elected group of board of directors. A corporation is a legal entity which means that it can sue and be sued. It can also enter into a contractual relationship.

In a corporation, the liability of the

shareholders or owners of the firm is limited to their investment in the firm because of the doctrine of separate legal entity. In case of liquidation, owners would only loose their investment in the firm rather than loosing their investment and personal properties.

5 0

4 years ago

According to research on marital satisfaction in couples with children, the shape of the marital satisfaction curve across time

Art [367]

Increasing then decreasing.

6 0

3 years ago

The ability to conduct financial transactions through a smartphone is known as _____.

Liula [17]

I believe that the answer that would best complete the given statement above is the term MOBILE transaction. <span>The ability to conduct financial transactions through a smartphone is known as mobile or online transaction. Hope this is the answer that you are looking for. </span>

7 0

3 years ago

Read 2 more answers

Suppose that a person's wealth is $ and that her yearly income is $. Also suppose that her money demand function is given by

vfiekz [6]

Answer:

50,000 - 60,000( 0.25 - i)
C. increases by $ 6,000
A. the demand for bonds but has no effect on the demand for money

Explanation:

1. Demand for bonds is the difference between a person's wealth and their demand for money.

Demand for bonds = W - Md

= 50,000 - 60,000( 0.25 - i)

2. Assuming an interest rate of 0%.

Demand for bonds = 50,000 - 60,000( 0.25) = $35,000

Interest increases by 10%

Demand for bonds = 50,000 - 60,000( 0.25 - 0.1) = $41,000

Difference = 41,000 - 35,000 - $6,000

3. There is no provision in the money demand formula for wealth but there is in the demand for bonds formula. This means that if wealth increases, demand for bonds will increase as well but there will be no change in demand for money.

7 0

3 years ago