Which of the following best explains why raising the required reserve ratio
results in a decrease in the money supply?
O A. When the required reserve ratio is high, banks have less incentive
to give loans because they make less profit on these loans.
O B. When the required reserve ratio is high, the inflation rate goes up
and people spend less money.
C. When the required reserve ratio is high, banks charge higher
interest rates that make loans less affordable to many people.
D. When the required reserve ratio is high, banks must loan out a
smaller portion of their reserves, resulting in fewer loans.

On june 1, 2017, blossom company was started with an initial investment in the company of $22,360 cash. here are the assets, liabilities, and common stock of the company at june 30, 2017, and the revenues and expenses for the month of june, its first month of operations: cash $4,960 notes payable $12,720 accounts receivable 4,340 accounts payable 840 service revenue 7,860 supplies expense 1,100 supplies 2,300 maintenance and repairs expense 700 advertising expense 400 utilities expense 200 equipment 26,360 salaries and wages expense 1,760 common stock 22,360 in june, the company issued no additional stock but paid dividends of $1,660. prepare an income statement for the month of june.

Assume the total cost of a college education will be $250,000 when your child enters college in 17 years. you presently have $69,000 to invest. what annual rate of interest must you earn on your investment to cover the cost of your child’s college education? (do not round intermediate calculations. enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)

Lee earns $1,482 of interest in 270 days after making a deposit of $15,200. find the interest rate.