If you bet on red or black you get $2,000. If you bet on green, you get $3,000
Answer: $1,850 billion
Explanation:
The following were given in the question:
Currency in circulation = $950 billion
Required reserves = $60 billion
Excess reserves = $840 billion
Open market operations = $70 billion
The monetary base will be the value of all the currency in circulation plus the reserves that is held by the banks and this will be:
= $950billion + $60billion + $840billion
= $1,850 billion
Answer: Option C
Explanation: Usually the demand for the goods tends to be more elastic in long run rather than the short run. In case of oil, it is not a necessary good for the daily lives of the individuals and one can survive without it and can use alternatives.
Therefore, in the long run it is more elastic as individuals will move to the alternatives of oil if its price remains high.
Hence from the above we can conclude that the correct option is C.
An economy that has no interaction with other economies around the world is said to be closed and an open economy is one that freely interacts with other economies across the world.
<h3>What do you mean by open market?</h3>
A market that is open to competition has little to no restrictions on how businesses can operate. Tariffs, taxes, licensing requirements, subsidies, unionization, and any other laws or practices that obstruct free-market activity are not present in an open market.
<h3>What is a closed economy?</h3>
A nation with a closed economy is one that conducts no commerce or other financial transactions with any other nations. That indicates that neither imports nor exports enter the nation.
To know more about financial transactions, visit:
brainly.com/question/27501867
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Answer:
9.75%
Explanation:
EPS = Earning per share = $5
DPS = Dividend per share $1.25
ROI = return on investment = 13%, or 0.13
RR = Retention rate = (EPS - DPS)/EPS = ($5 - $1.25)/$5 = 0.75, or 75%
Growth = RR * ROI = 13% * 75% = 9.75%
Therefore, the expected growth rate for KTI's dividend is closest to 9.75%