Answer:
Money Bank can lend up to $4,167 million.
Explanation:
a) Data and Calculations:
Total deposits = $500 million
Reserve ratio = 12%
Money created by Money Bank = $500/12% = $4,166,666,667
b) The total amount of money which Money Bank can create and lend is dependent on its customers' deposits and the reserve ratio. This amount can be calculated by dividing the total deposits by the reserve ratio. This implies that the less the reserve ratio, the more money Money Bank can create and lend out to customers.
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The fact that his school work may end up slacking or he is ambitious and will achieve what he wants to
Answer:
<em>B. Yes, although it may be breached in most states if there is a court order to do so.</em>
Explanation:
<em>Duty of confidentiality is a provision that has been put in place in most states, to enable clients open up freely if they need help. This allows professionals to take whatever actions necessary to carry out full service delivery when helping the client. </em>Some of these details include health status, a client-lawyer case story, a social media's access to users' personal details, etc. The law prohibits professionals from disclosing information made available to them by the client to a third party. This duty is held by many professional bodies like the medical body, legal body, among others. <em>This duty can be broken by law in situations where the client sues the professional, or when there is a legal court order to do so</em>.
