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Lena [83]
2 years ago
14

You take $150 you had kept under your mattress and deposit it in your bank account. Suppose this $150 stays in the banking syste

m as reserves and banks hold reserves equal to 12.5 percent of deposits. The total amount of deposits in the banking system increases by_______, and the money supply increases by______.
Business
1 answer:
iogann1982 [59]2 years ago
3 0

Answer:

The answer is $12.

Using the formula total credit /Money created = Total deposit /Cash reserve ratio

Total deposit = $150

Cash reserve ratio = 12.5%

150/12.5

=12

Therefore, the total money created in the banking system is $12. From the above, it could be rightly said that creation of money by banks is a process whereby the banks received deposit from customers and give the deposit to borrowers in the form of loan after deducting cash or reserve ratio.

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Mr. and Mrs. Atoll are planning a party for 10 people and want to make sure they have enough soda for everyone to have two bottl
Rama09 [41]

Answer:

3. one case of 24 sodas @ $ 18.50

Explanation:

The question requires that the hosts need to have enough to have two sodas each. The number of guests being 10, the requirement is to have 20 sodas.

Now comparing the various pack sizes available:

1. 20 sodas $ 1.50 per bottle, Total cost $ 30, per serving cost $1.50

2. 4 6 packs @ $ 5 each. Total cost $20, Per serving cost $0.83

3. 24 soda case @ $18.5. Total cost $ 18.50, Per Serving costs $ 0.77

4, 2 x 24 soda cases @ 18.50. Total Cost $ 37.00 Per serving costs $ 0.77

The per serving costs are the same in 3 & 4 above, however, since the requirement is to have 20 sodas and the overall costs as well as the per serving costs is the best in option 3, this is the preferred option.

8 0
2 years ago
Suppose you’ve already received your free credit reports this year. Give 3 situations in which the credit bureaus would have to
dmitriy555 [2]

Answer:

The Fair Credit Reporting Act allows you to get a free credit report under certain circumstances:

  • If you were denied a loan, insurance or job application based on low credit score you have 60 days to request a free copy of your credit report.
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3 0
2 years ago
A car parts company decides to discontinue the production of its lowest-selling products and instead focuses on its areas of exp
Ludmilka [50]

Answer:

A) Core Competency

Explanation:

Core Competency

Core competency refers to an organisation's strategic advantage over its competitors, it means the capabilities and the resources that a business must find, cultivate and explore in order to have an advantage over its competitors in the same line of business.

In order for an activity to be defined as a business' core competence, that activity must be unique, making it difficult for others to re-produce an it must also produce a unique level of benefit or value for the consumers of the product.

Since the car parts company has innovated a new automobile product with unique value, <u>It has cultivated and explored its core competency </u>

7 0
2 years ago
Read 2 more answers
In applying the treasury stock method of computing diluted earnings per share, when is it appropriate to use the average market
castortr0y [4]
I believe that 2 is the answer
3 0
2 years ago
The ending inventory of finished goods has a total cost of $9,000 and consists of 600 units. If the overhead applied to these go
Talja [164]

Answer:

direct material = $2,000

so correct answer is B. $2,000

Explanation:

given data

total cost = $9,000

consists = 600 units

overhead apply = $3,000

overhead rate = 75% of direct labor

solution

we get here Direct Labor that is

Direct Labor = \frac{3000}{0.75}

Direct Labor = $4000

and we apply here Total Cost that is

Total Cost = direct material + overhead  + Direct Labor   ..........1

put here value

$9,000  = direct material + $3,000 + $4,000

solve it we get

direct material = $2,000

so correct answer is B. $2,000

3 0
2 years ago
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