If the reserve ratio was 15% and someone deposited an additional $40,000, what would be the maximum increase in total deposits over time? $6000 $40,000 $60,000 $266,667 $600,000
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- Find the required reserve if the excess reserve is $600 and the actual reserve is $100When you purchase a T-shirt for $25, money is serving which function? Medium of exchange Standard of deferred payments Store of value Unit of accountone method to spend more money is to deduct an amount automatically from your salary in a direct deposit system true or false
- What would be the first loan in the table if the reserve ratio is 10%? A/Loans 800, total Deposit 800 B/ Loans 1000, total Deposit 1000 C/ Loans 900, total Deposit 1900 D/ Loans 1000, total Deposit 2000Your merchant fee is 2%. Your customers paid you $120,000 through credit cards. What fee must you pay the credit card company? 2$ $ [?]At the end of the month, you have only $20 left in your checking account. You deposit your $200 paycheck from your part-time waltressing job, but the restaurant is not doing well and your paycheck bounces. Your bank holds you accountable and charges you $54 for depositing a bad check. What is the balance of your checking account after attempting to deposit your bad paycheck? (Negative amount should be indicated by a minus sign.) Balance of checking account.
- Round Deposits Required Reserves of 20% Excess Reserves New Loans 50% of loan proceeds are held as currency in circulation by people Loan proceeds redeposited 1 $500 $100.00 $400.00 $400.00 $200.00 $200.00 2 $200 $40 $160 $160 $80 $80 3 $80 $16 $64 $64 $32 $32 4 $32 $6.40 $25.60 $25.60 $12.80 $12.80 5 $12.80 $2.56 $10.24 $10.24 $5.12 $5.12 6 $5.12 $1.02 $4.10 $4.10 $2.05 $2.05 7 $2.05 $.41 $1.64 $1.64 $.82 $.82 8 $.82 $.16 $.66 $.66 $.33 $.33 9 $.33 $.07 $.26 $.26 $.13 $.13 10 $.13 $.03 $.10 $.10 $.05 $.05 Totals $833.25 $166.65 $666.60 $666.60 $333.30 $333.30 Calculate the new money supply. Calculate the money multiplier.hi! may i know how to do this qns?That money can be used to repay loans relates to money's function as a A) Standard of deferred payment store of value B) Medium of exchange C) Mediator of Value
- Yesterday, I was given $250. as the answer, I got it wrong. Please credit my account for this wrong answer. $250. is not correct answer.Walmart would like to borrow $2,500,000 and can borrow at £6.04% or $8.15%. A Swap Bank quotes GBP (6.04 -7.14%) and USD (7.00 -7.71%). How much will Walmart save if it enters a currency swap agreement? [note: your answer should be in dollars]Please answer all of part C And confirm over part A and B