Answer: The bank's total loans amount is $160,000.
Explanation: The bank got a total deposit of $200,000 from its customers. The reserve ratio was given as 20%. The is the cash reserve amount that should be domiciled with Fed. So 20% of $200,000, which is the total deposit is $40,000. This means an amount of $40,000 is the reserved cash. Since the bank has chosen not to keep any excess reserves, it means the bank would be availing a total loans amount of $160,000 (%200,000 - $40,000) to its customers.
The projected growth in buyer demand for private-label athletic footwear is:
<h3>What is Projected Growth?</h3>
This refers to the estimated rate by which a particular thing would change in demand in a given time frame which would lead to its growth.
With this in mind, we can see that based on the study made about the private-label athletic footwear, the projected growth was pegged at 5-7% annually.
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Adam Smith<span> was an economist and philosopher who wrote the "bible of capitalism," The Wealth of Nations, in which is the first system of political economy.
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A monetary system where the value of monetary units is set by the specified quantity of an item is commodity money.
Explanation:
A commodity currency could be a name given to certain currencies that co-move with the globe costs of primary trade goods product, because of these countries' significant reliance on the export of certain raw materials for financial gain. It comprises goods that have worth in themselves (intrinsic worth) additionally as a value in their use as cash. For instance, mediums of exchange for commodity money includes gold, silver, copper etc.
