broadirichardson0727
broadirichardson0727 broadirichardson0727
  • 12-02-2020
  • Mathematics
contestada

If the Federal Reserve sets the reserve rate to 4%, what is the resulting money
multiplier?

Respuesta :

vyqfvuywvfqcihhwyhh vyqfvuywvfqcihhwyhh
  • 12-02-2020

Answer:

For this case, what we should do is write the percentage in numerical form.

 For this, we divide the percentage number between 100.

 We have then that the multiplier is given by:

 

 Answer:

 the resulting money multiplier is:

 x = 0.04

Step-by-step explanation:

Answer Link

Otras preguntas

Simply using properties of exponents
The law of demand states that A. a higher price will lead to increased sales. B. quantity demanded will vary inversely with the price of the good. C. consumers
What similarities exist between the Māori myth and the Haida myth? Check all that apply.
What are tips on writing a poem?
steps for solving 4x-12=20 are shown explain how steps 3 helps the equation
1 over 9 (q+3)=5. 1 over 9 is a fraction
A Norman window has the shape of a semicircle atop a rectangle so that the diameter of the semicircle is equal to the width of the rectangle. The goal is to fin
What is the volume of a triangular prism the prism is 8 centimeters wide , 13 centimeters long and 3 centimeters tall
Based on the passage and the diagram at the end of the passage, which is the function of ballast? A to stabilize the ship B to protect the ship's crew C to prot
14/100 + 8/10 equals?