Answer:
Bank to loan = $8,000
Explanation:
Given:
Amount bank had = $10,000
Reserve requirement = 20%
Find:
Change in money supply
Computation:
Bank to loan = $10,000 (100% - 20%)
Bank to loan = $10,000 (80%)
Bank to loan = $8,000
I had this question before, the answer I got correct is D
I had that same question look on my profile
Answer:
Friendly's would say you were paying <u>1042.86% APR</u>.
Explanation:
Annual percentage rate (APR) can be described as the yearly interest rate that is paid by a borrower to a lender which is expressed in percentage term without taking compounding into consideration.
Annual Percentage Rate (APR) can be determined using the following formula:
APR = {[(Fees + Interest amount) / Principal / n] * 365} * 100 ……………… (1)
Where;
APR = ?
Fees = 0
Interest amount = Amount to repay - Amount to borrow = $12.00 - $10.00 = $2.00
Principal = Amount to borrow = $10.00
n = Number of days in the loan term = One week = 7 days
Substituting the values into equation (1), we have:
APR = {[(0 + 2) / 10 / 7] * 365} * 100
APR = 1042.86%
Therefore, friendly's would say you were paying <u>1042.86% APR</u>.
Answer: Yes, The FTC will approve the merger.
Explanation:
The Herfindahl-Hirschman Index (HHI) is the common measure of market concentration used to determine market competitiveness. The HHI is calculated by the squaring of the market share of every firm competing in the market and then adding the resulting numbers
HHI (before the merger)
= 23² + 12² + 8² + 7² + 5² + 45 × 1²
= 529 + 144 + 64 + 49 + 25 + 45
= 856
HHI (after the merger) = (23 + 12)²
8² + 7² + 5² + 45 × 1² = 1408
Here, the market is less concentrated and the HHI is still below 1500 after the merger. Therefore, FTC will approve this merger. The answer is Yes.
