To identify patterns.
An economic model is a graph or other visual tool that shows how different elements of an economy (supply, demand, etc) come together to help better understand the data.
Answer:
the size of the banks actual reserves is $38,000
Explanation:
The computation the size of the bank actual reserve is shown below:
But before that the required reserve is
= Reserve ratio × checkable deposit
= 20% × 150,000
= $30,000
Now the actual reserve is
= Required reserve + excess reserve
= $30,000 + $8,000
= $38,000
Hence, the size of the banks actual reserves is $38,000
The correct order for the balance sheet is:
1.<span>assets (includes all the things with financial values that the company owned)
2liabilities, (all the responsibilities that the company have to pay in the future)
3.owners' equity ( Total assets minus total liability, indicate the net financial value of the company)</span>
When the Federal
reserve wishes to reduce interest rates, it increases the amounts of funds at
commercial banks. They reduce discount rate to lend out more if their reserves.
Increasing interest rate in order to reduce an inflation.
<span> </span>
Answer: See explanation
Explanation:
Price leadership is when a leading firm that is in a particular industry has enough influence such that it can determine the price of the goods in the market. There are three main models of price leadership which are the barometric price leadership, collusive price leadership and the dominant price leadership.
Barometric price leadership is when the price leader acts as the barometer of the prevailing market conditions for the other firms that are in the industry. In such case, when a company sets the price of the products, the other companies do the same.
The dominant price leadership model occurs when a firm has the large amount of market share in the industry.