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Pani-rosa [81]
3 years ago
9

Assume that the required reserve ratio is 10 percent, banks keep no excess reserves and borrowers deposit all loans made by bank

s. Suppose you have saved $100 in cash at home and decide to deposit in your checking account. As a result of your deposit, the money supply can increase by a maximum of Group of answer choices
Business
1 answer:
____ [38]3 years ago
6 0

Answer:

$1,000

Explanation:

The computation of the increase in the money supply is shown below:

But before that the multiplier is

= 1 ÷ required reserve ratio

= 1 ÷ 0.10

= 10

Now the increase in the money supply is

= Multiplier × saving in cash at home

= 10 × $100

= $1,000

hence, the above represent the answer and the same would be relevant

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The fares received by taxi drivers working for the City Taxi line are normally distributed with a mean of $12.50 and a standard
Lyrx [107]

Answer:

0.2308 or 23.08%

Explanation:

Mean (μ) = $12.50

Standard deviation (σ) = $3.25

Assuming a normal distribution, for any given fare X, the z-score is calculated as:

z = \frac{X-\mu }{\sigma}

For X = $15.00, the z-score is:

z = \frac{15.00-12.50 }{3.25}\\ z=0.7692

A z-score of 0.7692 corresponds to the 77.91-th percentile of a normal distribution. Therefore, the probability that a fare exceeds $15.00 is:

P(X>\$15.00) = 1-0.7692 = 0.2308

The probability that a specific fare will exceed $15.00 is 0.2308.

3 0
3 years ago
Macy is a very creative person. Often, when trying to generate a novel or useful idea, she spends several days "mulling over" th
meriva

Answer:

Correct answer is (E) incubation

Explanation:

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5 0
3 years ago
Job Shadows typically last<br> six weeks<br> half day<br> one to three days<br> one semester
Inessa05 [86]
A job shadow usually lasts one day, but there are cases when they could last several days to give you a more in-depth look at a certain career or company.
7 0
4 years ago
10
Kaylis [27]

Answer:

Why did you choose to become a mechanic?: Practice your interviewing skills.

In what ways is my résumé lacking if I want to

find a position as a mechanic?: Get advice and information.

Can I contact you with any other questions

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Explanation:

Plato

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What is the name given to the difference between the minimum and maximum values for a data set?
Setler [38]
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