Question
Consider a fractional reserve banking system with a
legally required reserve-deposit ratio of m. Suppose that an individual deposits ID dollars in one bank. Then, the economywide change in total depositsSolution
The total change in deposits is equal to ID/m if nobody wants to hold currency and banks lend to their limit. If these two assumptions are relaxed, the increase in deposits is lower. So, in general, the increase in total deposits is at most ID/m.
In a group of 104 employees, the ratio of male to female employees is 6:7. The average wage of a male employee is Rs. 45, and the...
If 'x' is a positive integer such that x + 1/x = 2, then find the value of (x3 + x2 − 2x – 6)/(4x4 + 2x2
- If a + b + c = 18, and a ³ + b ³ + c ³ - 3abc = 54, hen find the value of 5(ab + bc + ca).
Pipe X requires 12 hours to fill 2/3 of a tank, whereas pipe Y can empty the entire tank in 24 hours. If both pipes are opened si...
Find the simpliied value of the following expression:
12 × [15 of 8 - 6 of (32 - 8 of 3)]
An amount of Rs. 13,000 is invested at a certain annual compound interest rate, with interest compounded yearly. After 2 years, the total amount grows t...
Aman bought a goat and a hen, with the goat's cost price being ₹1200 more than the hen's. He sold the hen at a 20% loss and the goat at a 25% profit, ...
If the numerator of a fraction is increased by 150% and the denominator is increased by ___%, the fraction becomes 4/7. What is the original fraction? W...
Two supplementary angles add up to 180°. If one angle is 115°, what is the other angle?
A cyclist rides at a constant speed of 12 miles per hour for the first half of a journey. For the second half, the cyclist increases the speed to 18 mil...
