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08.11.2019 •
Business
Concept: change in checking deposits show work question suppose you deposit $1 comma 8001,800 cash into your checking account. by how much will checking deposits in the banking system increase as a result when the required reserve ratio is 0.220? the change in checking deposits is equal to?
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Ответ:
$8,181.81
Explanation:
Data provided in the question:
Amount deposited in the checking account = $1,800
Required reserve ratio = 0.220
Now,
Change in the checking deposits is calculated as:
⇒ ( Amount deposited ) × ( Money multiplier )
also,
Money multiplier =
or
⇒ Money multiplier =
or
⇒ Money multiplier = 4.54
Therefore,
Change in money supply = $1,800 × 4.54
or
⇒ Change in money supply = $8,181.81
Ответ:
sorry just answering to get points
Explanation:
sorry just answering to get points