Answer:
B
Step-by-step explanation:
Trust
Answer:
= $3,888.89
Step-by-step explanation:
First, calculate the money multiplier(MM); which is the amount of money that is generated by the banks for each dollar of reserve. In this case, it describes how a deposited amount increases the total supply of money.
Money Multiplier = 1 / reserve ratio
Reserve ratio = 9% or 0.09
Therefore, money multiplier = 1/0.09 = 11.1111
Next, use the reserve ratio to calculate the amount of increase in money supply;
= 11.1111 * $350
= $3,888.89
Answer
its the third one.
Step-by-step explanation:
Answer:
560
Step-by-step explanation:
thatis the right answer
4.76 rounded to one decimal place is 4.8
Look at the decimal place you want to round (the 7, since it is the one decimal place).
Then look at the next digit (the 6). If it is 5 or greater, round up. Otherwise, round down.
You round up the 7 up because 6 is 5 or greater.
So you get the answer 4.8
