A fixed price is for a fixed scope of work
Answer:
Reserve ratio = 31.11%
Currency drain ratio = 13.33%.
Explanation:
Reserve ratio = Reserves/Deposits = $280/$900 = 0.3111, or 31.11%
Currency drain ratio = Currency/Deposits = $120/$900 = 0.1333, or 13.33%
Therefore, reserve ratio is 31.11%, and currency drain ratio is 13.33%.
Answer:
The correct answer is option E.
Explanation:
The utility can be defined as the enjoyment or satisfaction derived from the consumption of a good or service. The main motive of a rational consumer is utility maximization.
The sum of consumer and producer surplus is total or aggregate surplus.
The change in utility or satisfaction derived from the consumption of a commodity because of consuming an additional unit of good or service is referred to as a marginal utility.
The decrease in utility or satisfaction with the increase in consumption is called disutility.
The difference between the maximum price a consumer is willing to pay and the price he/she actually pays is called consumer surplus.
Answer: d. 20
Explanation:
The Money multiplier is the number that new deposits are multiplied with to find out their total effect on the banking system.
It is calculated by dividing 1 by the required reserve ratio.
Required reserve ratio = 0.5/10
= 5%
Money Multiplier = 1/5%
= 20
Answer: The Statement A. is FALSE.
Explanation: The National Response Framework explains how, at all levels, the nation effectively manages the all-hazards response, is the FALSE statement.
The United States National Response Framework is essential to the National National Security Strategy, it helps to give all domestic response partners a response to disasters and emergencies.
