In december 1994 a man in ohio decided to deposit all of the 8 million pennies he'd been saving for nearly 65 years. (his deposit weighed over 48,000 pounds! with a reserve requirement of 10 percent, what will be the cumulative change for the banking system in: instructions: enter your responses rounded to the nearest whole number. (a transactions deposits? $ (b total reserves? $ (c lending capacity?
Answers (1)
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “In december 1994 a man in ohio decided to deposit all of the 8 million pennies he'd been saving for nearly 65 years. (his deposit weighed ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers
You Might be Interested in
A company made no adjusting entry for accrued and unpaid employee wages of $28,000 on december 31. this oversight would:
Answers (2)
There is no difference between you driving your car on public streets and Ford selling a product that it knows will sometimes explode. True or False? What unmentioned factor might your answer depend on?
Answers (1)
When the sequel to Star Wars: The Force Awakens eventually shows up on their regular television networks, this group might watch it. Group of answer choices
Answers (2)
Consider a monopoly whose total cost function is tc = 10 + 5q + 2.5q2 and whose marginal cost function is mc = 5 + 5q. the demand function for the firms good is p = 115 - 0.25q.
Answers (1)
An initial decreasedecrease in a bank's reserves will decreasedecrease checkable deposits A. by an amount less than the decreasedecrease in reserves. B. by an amount greater than the decreasedecrease in reserves. C.
Answers (1)
New Questions in Business
An insured purchased an insurance policy 5 years ago. last year, she received a dividend check from the insurance company that was not taxable. this year, she did not receive a check from the insurer.
Answers (1)
An investor shorts 100 shares when the share price is $50 and closes out the position six months later when the share price is $43. The shares pay a dividend of $3 per share during the six months. What is the investor's profit or loss? a.
Answers (1)
Which term refers to the beginning of the constitution?
Answers (1)
The risks of a focus strategy include: a. decisions by focused competitors to use their resources to serve a wider range of customers' needs. b.
Answers (1)
Floyd Industries stock has a beta of 1.30. The company just paid a dividend of $.30, and the dividends are expected to grow at 4 percent per year. The expected return on the market is 13 percent, and Treasury bills are yielding 4.5 percent.
Answers (1)