answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Montano1993 [528]
2 years ago
3

Singular Savings Bank received an initial deposit of $3000. It kept a percentage of this money in reserve based on the reserve r

ate and loaned out the rest. The amount it loaned out was eventually all deposited back into the bank. If this cycle continued indefinitely and eventually the $3000 turned into $50,000, what was the reserve rate?
Business
2 answers:
Sloan [31]2 years ago
8 0
Basically tweaking the reserve rate until at the 260th iteration the Total Money Deposited approached $50,000. The reserve amount is 6%, so that 94% of the 3,000 is loaned out, which would be 2,820, and then 94% of that is loaned out which is 2,650.80, and so forth. 

zhuklara [117]2 years ago
3 0

Answer:

6%

Explanation:

Give me some love....

You might be interested in
Real estate values derive from the interaction of three different sectors in the economy. Which of the following sectors serves
tekilochka [14]

Answer:

B

Explanation:

The capital market serves as an intermediator between households and firms. In a classic economic model, households are owners of capital resources, but firms need these resources to operate. Then, the capital market allows that households rent their capital resources to firms and firms pay them back. It is a beneficial allocation of resources for households and for firms.

7 0
2 years ago
Nina is induced by her guardian Ollie to sign a contract to invest funds in Penny Stocks Inc. through Ollie’s investment firm. U
Lina20 [59]

Answer and Explanation:

Nina's guardian Ollie is putting an undue influence on Nine to sign a contract to invest funds in Penny Stocks Inc. In this way Ollie is getting benefit while exerting pressure on Nina. Nina has the option to cancel the contract on the basis of undue influence.

6 0
2 years ago
On January 1, 2018, Ramsey Company purchased 35% of the outstanding common shares of the Vapor Company for $70,000 when the net
klasskru [66]

Answer:  Investment income = Earning during 2018 × outstanding common shares

= $80,000 × 35%

Dividend declaration  = Dividend × outstanding common shares

= $40,000 × 35%

<em>Ramsey’s share of Vapor’s income for 2018 =  Investment income - Dividend declaration</em>

<em>= $28,000 - $14,000</em>

<em>= $14,000</em>

8 0
2 years ago
Which of the following is NOT a factor that favors effective team behavior? Close physical layout of team members Leadership tha
soldi70 [24.7K]

Answer:

Individual rewards for contributions to the team

Explanation:

A team should share rewards among themselves not to individuals, because effective teams are made of collaborators not competitors. By giving individual rewards for contributions to the team it reduces how effective the team behavior is.

For example, if a particular team is giving certain rights over others, there may begin to exist a competitive spirit amongst the team.

5 0
2 years ago
__________________ are ways that a nation can draw up regulations, inspections, and paperwork to make it more costly or difficul
Diano4ka-milaya [45]

Answer: Nontariff barriers

Explanation:

Nontariff barriers are trade barriers that are used whereby the import and export of goods and services are restricted. It should be noted that the restriction is not by tariffs but can include include embargoeds, quotas, sanctions, and levies.

The main reason for trade barriers are to generate revenue for the government and also to protect the local industries.

8 0
2 years ago
Other questions:
  • Which activity best demonstrates the trait of responsibility?
    13·1 answer
  • Rupert runs his own company and does all the hiring personally to ensure. Fit with the rest of the organization he’s built, wich
    14·1 answer
  • The company's adjusted trial balance as follows includes the following accounts balances: Cash, $15,000; Equipment, $85,000; Acc
    8·1 answer
  • Swifty Corporation reported net sales of $260,000, cost of goods sold of $156,000, operating expenses of $63,000, net income of
    10·1 answer
  • You are preparing for a 3-month global assignment in Turkey working on an international quality improvement team for your compan
    8·1 answer
  • Juanita is deciding whether to buy a suit that she wants, as well as where to buy it. Three stores carry the same suit, but it i
    13·1 answer
  • Jared told his boss, Maggie, that he is going to start training for the upcoming marathon to be healthier and to have more energ
    14·1 answer
  • Prior to the merger, Firm A has $1,250 in total earnings with 750 shares outstanding at a market price per share of $42. Firm B
    6·1 answer
  • Farrar Corporation has two major business segments-Consumer and Commercial. Data for the segment and for the company for March a
    6·1 answer
  • Classifying all data in an organization may be impossible. There has been an explosion in the amount of unstructured data, logs,
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!