Business, 11.12.2019 05:31 issagirl05
The reserve requirement is 10% and jack withdraws $5,000 from his checkable bank deposit to pay for a trip to new york city. assume that banks do not hold any excess reserves and that the public holds no currency, only checkable bank deposits
: money supply changes) according to the scenario: money supply changes, which is an accurate description of the bank's balance sheet after the withdrawal?
a) reserves decrease by $5000, and checkable deposits decrease by $5000.
b) reserves decrease by $5000, and checkable deposits increase by $5000.
c) reserves increase by $5000, and checkable deposits decrease by $5000.
d) reserves increase by $500, and checkable deposits increase by $5000.
Answers: 3
Business, 22.06.2019 13:40
A.j. was a newly hired attorney for idle time gaming, inc. even though he reported directly to the president of the company, a.j. noticed that the president always had time to converse with the director of sales, calling on him to get a pulse on legal/regulatory issues that, as the company attorney, a.j. could have probably handled. a.j. also noted that the hr manager’s administrative assistant was the go-to person for a number of things that would make life easier at work. a.j. was recognizing the culture at idle time gaming.
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Binding price ceilings benefit consumers because they allow consumers to buy all the goods they demand at a lower price. a. true b. false
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How can you avoid saying this "year im going to start a buisness" for years
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