Now, suppose first main street bank loans out all of its new excess reserves to rina, who immediately uses the funds to write a check to musashi. musashi deposits the funds immediately into his checking account at second republic bank. then second republic bank lends out all of its new excess reserves to bob, who writes a check to yvette, who deposits the money into her account at third fidelity bank. third fidelity lends out all of its new excess reserves to cho in turn.

Why would an investor invest in your stocks

Peppy knows a lot about marketing, but not much about the legal or financial aspects of starting a new business. he wants to consult with a lawyer and accountant, but his budget is tight with all of the expenses involved in getting peppy's pizzazzeria up and running. peppy should: trust his basic instincts and try to put it together without the advice of lawyers and accountants. delay talking with a lawyer and accountant until the business has established a positive cash flow for at least one year. immediately hire full-time lawyers and accountants for his staff. consult with a lawyer and accountant even though the budget is tight.

Most economists report the elasticity of demand asa. the absolute value of the actual number.b. a negative number, since price and quantity demanded move in opposite directions.c. a percentage, since both the numerator and denominator are percentages.d. a dollar amount, since we are measuring the change in price.