Answer:
It's a consumer surplus of $28.
Explanation:
Consumer surplus is the difference between the price costumers pay in the market and the price they place on the product.
In other words, the difference between a market price product and the price you think it is.
Answer: COMAR
Explanation: It refers to the code of Maryland regulations as set by he police department of Maryland. It states that the police officers must work in a jail before going on patrolling duties.
These standards requires the officers to have some experience as patrolling could be dangerous for someone without any exposure to the criminal dangers.
Consider a world in which there is no currency and depository institutions issue only transactions deposits and desire to hold no excess reserves. The required reserve ratio is 15 percent. The central bank sells $0.98 billion in government securities.
What happens to the money supply?
Give reasons to support your answer.
Answer:
The answer is below
Explanation:
Considering the situation described above, the result is that there will be a DECREASE in the money supply of $6.53 billion.
This is because the money multiplier is calculated as 1/rr, where RR is the reserve ratio.
Hence, in this case, we have 1/0.15 = 6.67
Therefore, 6.67 × $0.98 billion = $6.53 billion.
