The reserve ratio is the portion of the money of the depositor that should be available in cash in the bank. This amount should only be in the bank and not used for all other purposes. Hence, the balance money can be used for the bank operations, increasing the supply.
In this item, we are given that the reserve ratio is only 5%. This means that, 95% of the money can be used by the bank for its operation. This amount can be calculated by multiplying the amount deposited by the decimal equivalent of 95%. That is,
= ($1000)(0.95)
= $950
Therefore, the money supply will increase by $950.
Answer:
$950
Explanation:
Since the total amount of items purchased by the thief is $950, then Brandon has to pay back the amount deducted from his card.
Answer:
there is 12,548,067 13 year old female children in the U.S that is 17% per a 2019 survey
<span>Economists would describe Jeff as a user of a public good. Jeff would be considered this because he is consuming something, but this consumption does not reduce the availability of the thing being consumed for others. Jeff is using the cable service, but this does not prevent anyone else from receiving and watching a cable service.</span>