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galina1969 [7]
3 years ago
14

In december 1994 a man in ohio decided to deposit all of the 8 million pennies he had been saving for nearly 65 years. (his depo

sit weighed over 48,000 pounds!) with a reserve requirement of 5 percent, how did his deposit change the lending capacity of (a) his bank? $ 76,000 (b) the banking system? $
Mathematics
1 answer:
STatiana [176]3 years ago
6 0
8,000,000 pennies equals $80,000. 1/.05=20
20 x $80,000=$1,600,000 more that the bank was able to lend
☺☺☺☺
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Select from the drop-down menu to correctly compare the numbers.
OverLord2011 [107]
This questions can be answered with a calculator, but I have an impression it is meant to be a mental calculation problem, which can be solved as follows.

We know that 10*10=100, in otherwords, √ 100 = 10 which is greater than 9.4247.

We also know that √ 108  is greater than √ 100 =10

So we can conclude that
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5 0
3 years ago
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Answer:

D= {-6,-5,-4,-3,-2,-1,0,1,2,3,4,5,6}

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Step-by-step explanation:

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