1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Nataly [62]
3 years ago
13

The reserve requirement is 15 percent. Lucy deposits $600 into a bank. By how much do excess reserves change

Business
1 answer:
Hatshy [7]3 years ago
7 0

Answer:

$510

Explanation:

Calculation for By how much do excess reserves change

Using this formula

Change in excess reserve= Bank Deposits-(Reserve requirement*Deposit)

Let plug in the formula

Change in excess reserve=$600-($600*15%)

Change in excess reserve=$600-$90

Change in excess reserve=$510

Therefore By how much do excess reserves change is $510

You might be interested in
What is one drawback of pure competition compared to monopolies?
frutty [35]

Answer:

D. Pure competition spreads resources between many different

firms.

Explanation:

Pure competition is a market structure with many suppliers and many buyers. All the suppliers sell a homogeneous product. There is intense business competition among the suppliers. Other characteristics of pure competition include

  • There are no dominant suppliers.
  • There is ease of entry and exit into the market
  • Suppliers/firms are price takers.

In pure competition, resources are shared among the many competing firms in the industry, unlike in a monopoly that has only a single supplier. Resources include raw materials and profits.

8 0
3 years ago
Read 2 more answers
A.R.C. is a large non-profit humanitarian aid organization that has been forced to pull out of several African markets in recent
irga5000 [103]

Answer:d

Explanation: Economic instability can include a volatile inflation rate and volatile rate of economic growth. It can involve higher unemployment and uncertainty about the economic cycle.

big fall in stock markets can trigger falls in consumer confidence and lead to a recession. The Wall Street crash of 1929 was a primary cause of the great depression. However, the stock market crash of 1987 did not cause an economic downturn. In fact, in the UK it was followed by an unprecedented economic boom. This was partly due to the way the government responded by cutting income tax and cutting interest rates. Interest rates are used as a tool in controlling inflation. However, they can also have an impact on consumer spending. Sometimes interest rates may have little impact; however, if they coincide with other factors they can cause a much bigger than expected fall in consumer spending. For example, in the UK, many homeowners have a variable mortgage. Therefore a small change in interest rates can have a big effect on disposable income. If an increase in interest rates was combined with another factor such as the slowing down of house price growth it may cause a big fall in spending. Number One priority to Target Economic growth and reduce unemployment. At the very least, economic growth needs to be close to long run trend rate 2.5%; it actually needs to be higher to catch up with lost spare capacity. Strong growth will help boost tax revenues and reduce unemployment. It is only in this climate you can successfully reduce the deficit. There is supply-side unemployment, especially in Europe, which has seen prolonged structural unemployment in past two decades. But, the fundamental cause is lack of aggregate demand

8 0
3 years ago
The law of demand states that, other things equal, when the price of a good.
babunello [35]

The law of demand states that when the price of a good increases, the quantity demanded decreases.

<h3>What is the law of demand?</h3>

The law of demand states that the higher the price, the lower the quantity demanded and the lower the price, the higher the quantity demanded. The quantity demanded of a good is inversely related to the price of the good. This explains why the demand curve is downward sloping.

For example, if the price of a shoe increases, the quantity demanded of the good decreases.

For more information about demand, please check: brainly.com/question/25871620

4 0
2 years ago
Economics is the study of choices people make in an effort to satisfy their wants and needs given scarcity.
Luden [163]
Most likely true! Economics is the knowledge/ study of how society functions!
7 0
3 years ago
Campbell Inc. owned all of Gordon Corp. For 2013, Campbell reported net income (without consideration of its investment in Gordo
grigory [225]

Answer:

I Dont know sorry........

4 0
3 years ago
Other questions:
  • Professor Shethinks Shesverybusy needs to allocate time this week for office appointments, so she needs to forecast the number o
    8·1 answer
  • Solstice Company determines on October 1 that it cannot collect $60,000 of its accounts receivable from its customer, P. Moore.
    12·1 answer
  • Ribosomal subunits are manufactured by the _____.
    13·1 answer
  • A(n) _______ is a person who engages in leadership activities but whose right to do so has not been formally recognized.
    8·1 answer
  • Firm Yahoo has attracted the attention of Firm Verizon because of its poor operating performance. Firm Verizon believes that the
    11·1 answer
  • Matching. A shopper is in the grocery store, trying to decide whether to buy apples of a particular variety. Identify the food p
    14·1 answer
  • This activity is focused on understanding what international business is, why and how it differs from domestic business, why it
    13·1 answer
  • Alpha Corporation reported the following data for its most recent year: sales, $670,000; variable expenses, $420,000; and fixed
    11·1 answer
  • A store has a 6% restocking fee. If you join the store’s membership program, all items over $100 will have a flat rate restockin
    12·1 answer
  • Singapore Airlines is rated one of the best airlines in the world and often requires ticket agents to serve as baggage handlers.
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!