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alisha [4.7K]
3 years ago
11

Assume that Smith deposits $500 in currency into her checking account in the XYZ Bank. Later that same day, Jones negotiates a l

oan for $2,000 at the same bank. In what direction and by what amount has the supply of money changed?
Business
1 answer:
Effectus [21]3 years ago
8 0

Answer: See explanation

Explanation:

Supply of money simply means the money available at a particular time period for an economy.

In the above scenario, the loan of $2000 will lead to an increase in the supply of money available in the economy by $2000.

It should be noted that the deposit made by Smith in the value of $500 does not bring about in the change of the money supply. This is because tye. $500 is still considered to be part of the money supply that is available in the economy.

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Suppose you are the CEO of a start-up toy manufacturer. You know that if your business is to be successful, you have to create a
Sauron [17]

Answer:

a. Leslie, who is independent and self-confident. She doesn’t need people to tell her what to do.

b. Malcolm, who loves to play. His last boss says that Malcolm was the "chief kid" in his last office.

c. Frankie, who has been in the toy business for 10 years and who knows what he’s doing, but who always likes testing a new idea.

Explanation:

In this scenario the CEO of a start-up toy manufacturer wants to create at least 10 wildly different toys in the next three years.

He will primarily need people that are creative and are inclined to work with new ideas.

The wrong choice will be someone who follows the rules and is stable. Such a staff will not contribute new ideas that will move the company to make profits.

Leslie is confident and does not need to be told what to do, so she will take initiative to do new things.

Malcolm loves to play and this will boost creative ideas.

Frankie likes testing new ideas and will be comfortable working creatively.

6 0
4 years ago
A father and his son are celebrating the father's 75th birthday. Drink for drink, who will most likely have a higher BAC ?
Temka [501]
The one who will most likely have a higher BAC is the father because a person who is older will most likely have the higher BAC, as the father is already seventy five and much older to his son, he will be therefore have a higher BAC compared to his son.
4 0
3 years ago
Read 2 more answers
A homeseller wants to net $75,000. The commission is 9%, the loan payoff is $450,000, and closing costs are $36,000. What must t
gregori [183]

Answer:

The home must sell for $616,500 to be able to settle all costs

Explanation:

The net to the formula can be used to ascertain the price of the property , the formula is given below:

Net amount=Sales price*(100%-commission rate)

The net to the seller in this case is the amount that seller would receive and be able to settle mortgage and closing costs and still be left with $75000

Net amount =$75000+$450000+$36000

                     =$561000

commission rate is 9%

$561000=sales price*(100-9%)

$561000=sales price*91%

sales price =$561000/91%

                  =616483.52

But to the nearest $100 is $616500

6 0
3 years ago
ATech has fixed costs of $7 million and profits of $4 million. Its competitor, ZTech, is roughly the same size and this year ear
Triss [41]

Answer: Degree of Operating Leverage

A Tech = 2.75

Z Tech = 3

Explanation:

As defined in question itself,

Degree of Operating Leverage = 1 + \frac{fixed\ cost}{Profit}

As here, it is provided that profit for both the companies are same amounting $4 million.

Although the fixed cost differ by $1 million.

A Tech Degree of operating Leverage = 1 + \frac{7,000,000}{4,000,000} = 2.75

Z Tech Degree of Operating Leverage = 1 + \frac{8,000,000}{4,000,000} = 3

This clearly demonstrates that A Tech will reach its break even faster than the Z Tech as the ratio of fixed cost to variable cost is lower in A tech in comparison to Z Tech.

5 0
3 years ago
When the dollar appreciates relative to foreign currencies, it means that:?
Talja [164]
<span>When the dollar appreciates relative to foreign currency means that the exchange rate will favor the dollar and cause a decrease in the the price of imported goods. It also means that travel abroad from the U.S. to the relative countries will increase due to lowered costs.</span>
6 0
4 years ago
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