Answer:
0.8
Step-by-step explanation:
You are given the equation
First note that
Now
Given:
Reserve requirement = 10%
Deposit = $5400
Find:
money the supply could expand = ?
Solution:
Money Supply =
Monetary Base × Money Multiplier
Before we determine the money supply, the money multiplier must
already be determined. Therefore:
$5400 (0.10) = $540
In this case, adding the two will give us the money supply
$5400 + $540 = $5940
Nevertheless, not all money is lent out or spent. Kept money
reduces the money supply.
The restrain to the growth of the money supply when deposits
expand are identified by 2 factors:
1.
The amount above (excess reserves) what they are
required to hold are being kept.
2.
Their income rises as the public has the
penchant to hold more cash as their income.
Answer:
-(9)(-3) is the greater product
Answer:
Number of people that can be served 7 ladles = 100 people
Step-by-step explanation:
We are told that;
Initial number of ladles proposed per person = 5
Number of persons to be fed based on 5 ladles = 140 persons
Thus, amount of ladles based on that data is;
140 people x 5 ladle/1 person = 700 ladles full of soup
Now, since the cook decides to give 7 ladles full of soup to each person, the number of people that can be fed will now be;
700 ladles ÷ 7 ladles/person = 100 persons
Answer:
BC with the arrow going towards the right