Stephanie takes the $3,000 she has in her safe at home and deposits it into a checking account in a bank. The required reserve ratio is 20 percent. The maximum change in checkable deposits brought about by the banking system through new lending is .

Singer and mcmann are partners in a business. singer’s original capital was $40,000 and mcmann’s was $60,000. they agree to salaries of $12,000 and $18,000 for singer and mcmann respectively and 10% interest on original capital. if they agree to share remaining profits and losses on a 3: 2 ratio, what will mcmann’s share of the income be if the income for the year was $15,000?