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Wewaii [24]
1 year ago
15

Sammy has included a total row to help make sure that his paycheck can be divided to make deposits into these 4 accounts. If the

re were any extra, then he would increase one or all of the deposits. If there were not enough, he would decrease one or all of the deposits. Explain how Sammy calculated his total amount deposited.
Business
2 answers:
tresset_1 [31]1 year ago
7 0
<span>understanding for the importance of making sure that the total deposits (expenses + savings) equals the income. </span>
SIZIF [17.4K]1 year ago
3 0
He had split it into 4 sections an devided by the full amount of the check
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<u>Financing </u>

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8 0
2 years ago
During the ____ phase of team implementation, managers have withdrawn from the daily operations and are counseling teams. Group
murzikaleks [220]

During the<u> self-managing teams </u>phase of team implementation, managers have withdrawn from the daily operations and are counseling teams.

<u>Option: D</u>

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2 years ago
Jim debt was reviewing the total accounts receivable. this month he received $80,000 from credit customers. this represented 40%
Eduardwww [97]
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4 0
1 year ago
Read 2 more answers
Consider the following balance sheet for TD. Assets Liabilities Reserves 493 Deposits 2900 Loans 2407 4. Suppose that TD is a ty
anzhelika [568]

Answer:

what is the money multiplier?

  • 5.88

what is the total change in the M1 Money Supply?

  • Just because a client deposits money into a bank it does not increase M1, it just changes its composition. The immediate effect of the deposit in the total money supply is nothing. If the bank loans the money to other clients ($581 in total loans are possible), and other clients deposit the funds in the same bank or other banks, then the money supply could increase up to $3,416.

what is the minimum amount by which the money supply will increase?

  • If the bank loans the disposable funds, the money supply should increase by $581 at least.

Explanation:

The bank's required reserve ratio = reserves / deposits = $493 / $2,900 = 0.17 or 17%.

the money multiplier = 1 / required reserve ratio = 1 / 0.17 = 5.88

if a client deposits $700, the minimum amount by which the money supply will increase = $700 x (1 - required reserve) = $700 x (1 - 0.17) = $700 x 0.83 = $581

the maximum amount by which the money supply could increase = ($700 x 5.88) - $700 = $4,116 - $700 = $3,416

6 0
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