The economy tomorrow suppose a person who is developing an app crowdfunds $15,000 and holds this as cash for future expenses. if this $15,000 comes from donors' checking accounts, by how much will the money supply fall if the reserve ratio is 20 percent? instructions: enter your response as a whole number. the money supply will decrease by $ .

Question 1)

Decrease in money supply = Decrease in checking account / Required reserves ratio

Decrease in money supply = $25,000 / 0.05

Decrease in money supply = $500,000

NOTE: As per Answering Policy, first question is answered.

Explanation:

Question 1)

Decrease in money supply = Decrease in checking account / Required reserves ratio

Decrease in money supply = $25,000 / 0.05

Decrease in money supply = $500,000

NOTE: As per Answering Policy, first question is answered.

answer; buying the bill at a discount from the face value to be received at maturity;

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