subject
History, 25.03.2020 20:23 wolfking800

PLEASE HELP FAST! WILL GIVE BRAINLIEST!!Allen deposits $2,000 in his local bank. He earns 2 percent interest each year on his deposit. Jessica borrows $1,000 from the same bank. She is charged a 7 percent interest rate on the borrowed money. How do these bank practices affect the money supply in the community? In Allen's case, but not Jessica's, the money supply decreases. In both Allen's and Jessica's cases, the money supply decreases. In Jessica's case, but not Allen's, the money supply stays the same. In neither Jessica's nor Allen's case does the money supply increase.

ansver
Answers: 2

Another question on History

question
History, 21.06.2019 16:00
The ancient greek city-state of sparta was run as an oilgarchy, meaning
Answers: 1
question
History, 22.06.2019 03:30
Why do you think this exchange happened in a private meeting?
Answers: 1
question
History, 22.06.2019 05:30
Which of the following is an example of a government’s laissez-faire approach to business and the economy?
Answers: 2
question
History, 22.06.2019 06:00
Which of the following was the largest group of people living in the region of transylvania? a. german b.slavic groups c.romanians d.italians
Answers: 1
You know the right answer?
PLEASE HELP FAST! WILL GIVE BRAINLIEST!!Allen deposits $2,000 in his local bank. He earns 2 percent...
Questions
question
Spanish, 05.11.2020 01:00
question
Mathematics, 05.11.2020 01:00
question
Social Studies, 05.11.2020 01:00
question
Mathematics, 05.11.2020 01:00
question
Mathematics, 05.11.2020 01:00
question
Biology, 05.11.2020 01:00
Questions on the website: 13722367