Question

Do anyone know about Business Math?

Answer 1

@Luis Rivera Can you help us in Business Math?

Answer 2

okay thanks

Answer 3

I sent a couple of messages to some people who usually answer, let's see if they respond back to me.

Answer 4

Okay thanks precal...

Answer 5

I can probably help

Answer 6

@barbie34556 got a respond so far

Answer 7

yes

Answer 8

got a respond from tic-tock.

Answer 9

yes, now talk to tick-tock or direct them to your previous postings, good luck :)

Answer 10

K thanks.

Answer 11

http://openstudy.com/study#/updates/4f710de4e4b0eb8587738a44

Answer 12

At the start required reserved (RR)=legal reserves (LR)=$100($1,000 X0.1)
With a deposit of $500, assuing that the bank places entire amount into LR, both demand deposits and LR increase by $500. Thus RR=$150($1,500 X0.1) and LR=$600. Excess reserves (ER) now equal $450($600-$150), which is the amount the bank can lend.