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77julia77 [94]
3 years ago
8

In Macroland, currency held by the public is 2,000 econs, bank reserves are 300 econs, and the required reserve/deposit ratio is

15 percent. If the Central Bank lowers the required reserve/deposit ratio making the new desired ratio equal to 10 percent, then the money supply in Macroland will _____ to _____ econs, assuming that the public does not wish to change the amount of currency it holds.
Business
1 answer:
NISA [10]3 years ago
4 0

Answer:

Increase, 5,000

Explanation:

Currency held by public = 2,000

Reserves held by banks = 300

Reserve requirement is 15%

2,000*15% = 300. Bank keep 300 out of 2,000 which raise reserves from 300 to 600. Money supply in economy is (600 / Money multiplier) = (600 / 0.15) = 4,000.

If reserve requirement is 10%

2,000*10% = 200. Bank keep 200 out of 2,000 which raise reserves from 300 to 500. Money supply in economy is (500 / Money multiplier) = (500 / 0.1) = 5,000.

Conclusion: The money supply in Macroland will increase to 5,000.

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Answer:

The correct answer is: $284.10.

Explanation:

The percentage of a number represents a part of it. Typically percentages are used when a certain amount of money is to be paid out of another amount because of services being provided or for using the money as instruments of investments like bank loans.

In Bethany Richards' case, she receives 9% in commissions for all the books she sales. Then,

Total amount for books sold = $963.25 + $742.00 + $614.35 + $837.10

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Thus,

Bethany's monthly commission = $3156.70 x (9%)

Bethany's monthly commission = $284.10

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3 years ago
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Which of the following statements is true of entrepreneurs?
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The answer is <u>"B. Entrepreneurs often work long hours and must take on the financial responsibilities of the business."</u>


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The following information pertains to the West Division of Burger Company:
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Answer:

D) $4,550

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Cost of merchandise sold  $1,000

Operating expenses          <u> $450  </u>

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3 0
2 years ago
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rewona [7]

Answer:

so near its maturity that it presents insignificant risk of changes in interest rates.

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