Via the generating function method, let

Then take the recurrence,

multiply everything by

and sum over all

:

Re-index the sums or add/remove terms as needed in order to be able to express them in terms of

:



So the recurrence relation is transformed to



For appropriate values of

, we can express the RHS in terms of geometric power series:

which tells us that
The correct answer for this question is this one: "D it increases by $1,800,000"
<span>If the federal reserve decreases the reserve rate from 2.5% to 1.25%, this affect the amount of money that would result because of fractional reserve banking from an initial deposit in a bank of $45,000 is that </span><u>it increases by $1,800,000</u>Hope this helps answer your question and have a nice day ahead.
<h2>
<u>Answer</u> :-</h2>
To find the cost of planting grass , we have to find area of the field.
Area of field = Length × Breadth


Now convert into hectare.
1 hectare = 10000m sq.
51000 / 10000
So area field = 5.1 hectare sq.
Now cost = 5.1 x 0.80 p

<h2>
<u>___________</u></h2>
Complete question :
Each state imposes its own excise tax on gasoline. Suppose, for example, that the state of Massachusetts imposes a state gasoline tax of $0.26 per gallon. Suppose further that an average of 1,022,000 gallons of gasoline per day were sold in Massachusetts in 2010. The average revenue from gasoline tax in 2010 is approximately?
Answer:
$265,720
Step-by-step explanation:
Given that:
State gasoline tax = $0.26 per gallon
Average number of gasoline sold per day = 1,022,000 gallons
. From the availabke information given :
Revenue generated = gasoline tax per gallon multiplied by the average number of gallons sold
= $0.26 * 1,022,000
= $265,720