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Elza [17]
3 years ago
10

If reserves increase by $12 billion, what is the difference in the resulting change in checkable deposits when the required rese

rve ratio is 10 percent compared to when it is 8 percent
Business
1 answer:
Gre4nikov [31]3 years ago
6 0

Answer:

$30 billion

Explanation:

Calculation to determine the difference in the resulting change in checkable deposit

Using this formula

Difference in checkable deposit=Increase in reserve/(1* Reserve ratio 8%)-Increase in reserve/(1* Reserve ratio 10%)

Let plug in the formula

Difference in checkable deposit=$12 billion/(1*8%)-$12 billion/(1*10%)

Difference in checkable deposit=$12 billion/0.08-$12 billion/0.10

Difference in checkable deposit=$150 billion-$120 billion

Difference in checkable deposit=$30 billion

Therefore the difference in the resulting change in checkable deposit is $30 billion

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Answer:

The correct answer is option C.

Explanation:

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Among all the goods mentioned above aspirin and antacids are necessary items. The rest of the goods are luxury items, they are not basic necessities. So price control is most likely to be used on aspirin and antacids.  

 

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Which skills would be the most beneficial for a computer help desk technician?
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Katyanochek1 [597]

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Cash over and short account, is not the actual cash account or something like that. In fact it is an expense account made which reports all the over-dues that is overages or short-dues that results from an imprest account, like petty cash.

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Therefore the correct option in all the above is:

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8 0
4 years ago
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3 years ago
Retail Store sends out an email to all of its customers stating, "Free tote bag and 30% off everything that fits in it, to the f
beks73 [17]

Answer:

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