Byron took a business trip from Philadelphia to Rome. He was away 16 days of which he spent 9 days on business (including two travel days) and 7 days vacationing. His expenses are as follows:AIRFARE 1,100
LODGING (16 DAYS X 140) 2,240
MEALS (16 DAYS X 115) 1,840
BYRON’S TOTAL TRAVEL ( INCLUDING MEALS AND LODGING) EXPENSE DEDUCTION ROUNDED TO THE NEAREST DOLLAR IS:
A-2,396
B-2,878
C-3,395
D-5,180
Answers: 1
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Uppose that the federal reserve purchases a bond for $100,000 from donald truck, who deposits the proceeds in the manufacturer’s national bank. what will be the impact of this purchase on the supply of money? the money supply will increase by $100,000. the money supply will increase by $80,000. the money supply will increase by $500,000. this action will have no effect on the money supply. if the reserve requirement ratio is 20 percent, what is the maximum amount of additional loans that the manufacturer’s bank will be able to extend as the result of truck’s deposit? the maximum additional loans is $100,000. the maximum additional loans is $80,000. the maximum additional loans is $20,000. the maximum additional loans is $500,000. given the 20 percent reserve requirement, what is the maximum increase in the quantity of checkable deposits that could result throughout the entire banking system because of the fed’s action? this action will have no effect on the money supply. the money supply will eventually increase by $80,000. the money supply will eventually increase by $500,000. the money supply will eventually increase by $100,000.
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Business, 22.06.2019 15:40
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Business, 22.06.2019 20:00
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