Transactions deposits and lending capacity

Assignment Help Business Economics

Reference no: EM13894170

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 12.5 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 Results?

Reference no: EM13894170

Questions Cloud

On the basis of an internal rate of return analysis : A contractor is considering whether to buy or lease a new machine for her layout site work. Buying a new machine will cost $12,000 with a salvage value of #1200 after the machine's useful life of 8 years. On the other hand, leasing required an annual..

Marketers continue to push the envelope : Marketers continue to push the envelope as they challenge society’s norms regarding what topics are appropriate to discuss in public. Advertisers are often blamed for promoting a materialistic society by making their products as desirable as possible..

Calculate the average per capita gdp growth : The president of the World Bank has asked you to calculate the average per capita GDP growth in Bulgaria from 1970 to 2010. In 1970, per capita GDP was $3,600 and in 2010 it was $13,500. Your answer would be:

What is the most likely source of the wage : In the land of Chin there are two distinct and equally numerous peoples: Yins and Yans. The Yang have historically been stronger and more aggressive that the Yins. What is the most likely source of the wage differential between the Yin and Yan paddle..

Transactions deposits and lending capacity : In December 1994 a man in Ohio decided to deposit all of the 8 million pennies he’d been saving for nearly 65 years. With a reserve requirement of 12.5 percent, what will be the cumulative change for the banking system in Instructions: Enter your res..

Determine patent amortization expense for the current year : Voss Company acquired patent rights on January 6, 2011, for $480,000. The patent has a useful life equal to its legal life of eight years. On January 3, 2014, Voss successfully defended the patent in a lawsuit at a cost of $80,000. Determine the pate..

Previous generation of narrow-body aircraft : An airline is considering the purchase of an Airbus A-320neo which offers improved fuel efficiency over the previous generation of narrow-body aircraft. The finance department estimates the aircraft will generate a positive net cash flow of $6 millio..

Deposited the money into the account : Suppose you will receive $100 in six months and have access to an account that earns 1/2% per month. If you deposited the money into the account how much would you have 18 months from now?

What is the percent change in gasoline sales : In anticipation of a major hurricane hitting the Gulf Coast, the quantity gasoline of sales rise from 360 million gallons to 375 million gallons. Based on this information, what is the percent change in gasoline sales?

User Account

All Pages