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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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I am trying to convince my dad to let me be Interior Designer. What are some resons for me to become a Interior Designer?
Elodia [21]

Answer:

Explanation:

1 You can manage your time according your scheduled projects.

2 You can have a lot of costumers around the world

3 It is a profitable niche if you are skilled.

4 Your brain always gonna be creative and curious.

5. You can travel around the world with your knowledge.

6. If you are a good one, you maybe have a lot of followers in your networks liking your work.

7 And if really is your passion job, you will be happy in your life.

Best regards

4 0
3 years ago
Residence halls are typically found at all of the following schools except
loris [4]
<span>Vocational schools are usually trade schools</span>
4 0
3 years ago
During the current year, Awning Company reported investment revenue of $4,000 from long-term investments reported using the equi
ANTONII [103]

Answer:

cash dividends: 3,000

Explanation:

We can solve for cash dividends based on how the equity method works:

Beginning investing

+ proportional net income

<u>-  cash dividends received  </u>

Ending investing

beginning + inomce - dividends = ending

  10,000   + 4,000  - cash dividends = 11,000

cash dividends= 14,000 - 11,000

cash dividends = 3,000

when received, the journal entry for the dividends was as follow:

cash       3,000 debit

    investing                   3,000 credit

to record cash received from investment

7 0
3 years ago
Li works at a multinational company in New York. His wife has recently been diagnosed with an illness that might keep her bedrid
Sladkaya [172]

Answer:

The Family and Medical Leave Act

Explanation:

The family and medical leave act grants eligible employees of covered companies the right to unpaid and job-protected leave for medical reasons. The law requires qualifying employers to allow eligible employees to take unpaid leave to attend to serious family health matters. This law permits eligible or qualifying employees to take up to 12 weeks leave for reasons such as childbirth and a serious personal or family sickness.

8 0
3 years ago
For which pairs of goods would most people likely have convex indifference curves
sergiy2304 [10]

Answer:

Movie tickets and concert tickets .

Explanation:

The indifference curve is a chart showing a mixture of two products providing equal value and usefulness for the customer.

  • That point on a graph of indifference indicates a customer is oblivious here between two and all points offer him the very same value.
  • The indifference curve method was used not only to describe the actions and demand of customers but also to evaluate and clarify numerous other economic issues.
6 0
4 years ago
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