The correct option is C). banks do not influence the supply of money.
<h3>What is 100-percent-reserve banking?</h3>
100-percent-reserve banking, is a system of banking, in which banks only lend from time deposits instead of lending demand deposits.
In a system with 100 percent reserve banking, banks cannot make the loans and do not influence the supply of the money.
This system is also known as full-reserve banking.
Learn more about the 100-percent-reserve banking here:-
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Answer:
Amount of interest revenue recognized
Explanation:
Principal amount P = $88500
Rate of interest r = 7 %
Total number of days = 120
So interest
Number of days from 8 june to 30 june = 30-8 = 22 days
So left days = 120-22 = 98 days
So amount of interest revenue recognized
Answer: Intel.
Explanation:
A manufacturer is a company that makes finished or semi-finished goods for sale from raw materials. Intel produces various chips and microprocessors used in making most computers in the market.
Mike could leave lon behind, walk lon home, offer to pay for a taxi or finally he could stay with him.
Answer: $20,478.78
Explanation:
In 14 years the investment will be,
Gold
10,000/2 = 5000
Then use the compound interest formula
5000 * (1+0.07)^ 14 = $12,892.67
For Certificates of Deposits.
Use the Compound interest formula
Rate and period are in years. Convert to semi annual basis.
3%/ 2 = 1.5%
14 * 2 = 28 periods
= 5000 ( 1+ 0.015) ^ 28
= $7,586.11
Add both
=$12,892.67 + $7,586.11
= $20,478.78