Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Jan 07, 2021

Let us assume that people in country of Happy World hold 12 of their deposits in the form of cash and the banking system is

Let us assume that people in country of Happy World hold 12 of their deposits in the form of cash and the banking system is not required to hold any deposit in the form of reserves and there are no other leakages Given the following information

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Answer aTotal Amount of Deposits 15 1000 Total amount of Deposits 20000 b if Banks decide... blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

Step: 3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Materials and process in manufacturing

Authors: E. Paul DeGarmo, J T. Black, Ronald A. Kohser

9th edition

471656534, 978-0471033066, 471033065, 978-0471656531

More Books

Students explore these related Accounting questions

Question

Let us assume that you need a computer for your studies at university or college. In the process of buying a computer, how would you apply the decision-making algorithm/steps?

Answered: 3 weeks ago

Question

Let us assume that we have a very thin, square, imperfectly conducting plate 2 m on a side, located in the plane z = 0 with one corner at the origin such that it lies entirely within the first...

Answered: 3 weeks ago

Question

Let us assume that air is under standard conditions close to the Earth's surface. Presuming that the temperature and the molar mass of air are independent of height, find the air pressure at the...

Answered: 3 weeks ago

Question

If the current spot rate is 2.10 (HC/FC) and the government undertakes policies to depreciate the currency 16%, what is the new spot rate? Note: 2.10 * 1.16 is not the right formula. Based on this,...

Answered: 3 weeks ago

Question

You are the bookkeeper for Fastidious Fashions and on review of the business's records and reports you realise that the trial balance does not balance. Your supervisor has asked you to investigate...

Answered: 3 weeks ago

Question

As you drive down a deserted highway, you are overcome with a sudden desire for a hamburger. Fortunately, just ahead are two hamburger outlets; one is owned by a national brand, and the other appears...

Answered: 3 weeks ago

Question

Identify different types of historical research including topical, biographical, autobiographical (autoethnography), oral history, and the narrative study of lives.

Answered: 3 weeks ago

Question

Refer to Exercise 5-4 and prepare the appropriate journal entries for Baker Co. to record the May 5 purchase and each of the three separate transactions a through c. Baker is a retailer that uses a...

Answered: 3 weeks ago

Question

Sales Mix and Break-Even Sales Dragon Sports Inc. manufactures and sells two products, baseball bats and baseball gloves. The fixed costs are $761,600, and the sales mix is 40% bats and 60% gloves....

Answered: 3 weeks ago

Question

Batch processes are often used in chemical and pharmaceutical operations to achieve a desired chemical composition for the final product. Related heat transfer processes are typically transient,...

Answered: 3 weeks ago

Question

Bill Walters, age 42, is not a participant in his employers retirement plan. His total maximum traditional IRA contribution for 2019 is $6,000. Since his adjustable gross income is $169,000, how much...

Answered: 3 weeks ago

Question

Manager T. C. Downs of Plum Engines, a producer of lawn mowers and leaf blowers, must develop an aggregate plan given the forecast for engine demand shown in the table. The department has a normal...

Answered: 3 weeks ago

Question

Case study on The Toronto Ultimate Club By reading this recommendation 3. Elaborate on what it's trying to say. Recommendation 3 : TUC will hire an additional employee to assist Jason Robinson,...

Answered: 3 weeks ago

Question

The goal of this lab is to segment a given network address using VLSM (Variable Length Subnet Mask). After completing this lab, you will be able to: Calculate subnets Materials Required This lab...

Answered: 3 weeks ago

Question

4. A round A36 steel test specimen has a diameter of do of 22mm and a gauge length of Lo 175mm. Take Oy = 250 MPa. (20 pts) a] If a force of 70 kN elongates the length by 1mm, what is the engineering...

Answered: 3 weeks ago

Question

which of the following describe items that systems engineers should consider regarding contracting? Select three that apply. They should focus exclusively on contract pricing since past performance...

Answered: 3 weeks ago

Question

Exercise 8-8A Effect of double-declining-balance depreciation on financial statements LO 8-3 Golden Manufacturing Company started operations by acquiring $102,900 cash from the issue of common stock....

Answered: 3 weeks ago

Question

Draw the major product for each of the following reactions: (a) (b) (c) 1) 9-BBN 2) H2O2, NaOH 1) Disiamylborane 2) H20, NaOH

Answered: 3 weeks ago

Question

How is feed per stroke in shaping related to feed per tooth in milling?

Answered: 3 weeks ago

Question

What are the advantages of ID processes? Disadvantages?

Answered: 3 weeks ago

Question

What is epitaxy, and why is it important for microelectronic manufacturing?

Answered: 3 weeks ago

Question

Gnap (1995) conducted a survey to estimate the teacher workload in Maricopa County, Arizona, public school districts. Her target population was all first through sixth grade full-time public school...

Answered: 3 weeks ago

Question

An accounting firm is interested in estimating the error rate in a compliance audit it is conducting. The population contains 828 claims, and the firm audits an SRS of 85 of those claims. In each of...

Answered: 3 weeks ago

Question

Construct a sample ANOVA table for the replacement cost data in Exercise 8. What is your estimate for R2a? Do books on the same shelf tend to have more similar replacement costs? Suppose that c1 = 10...

Answered: 3 weeks ago

Previous Question Next Question