radomes.openskiesproject.org
Nicoletanji
Nicoletanji Nicoletanji
  • 22-04-2016
  • Business
Answered

Suppose that last year $30 billion in new loans were extended by banks while $50 billion in old loans were paid off by borrowers. What happened to the money supply?

Verified Answer :

WorldCitizen WorldCitizen
  • 01-05-2016

So, 30 billions were borrowed and 50 billion were returned, which means that the amount returned was bigger than the amount borrowed. This means that the  there is now less money in the circulation (on people's accounts, money being exchanged between people), which means that the money supply decreased.

Answer Link

Related Questions

what is have a lovely day mean in french
Which of these factors or groups is most likely to shape public opinion on a range of political issues
which is greater 10 yards or 360 inches
Itunes deauthorize audible account what does it mean
a car travels 200 miles in 4 hours at a constant speed what is the speed of the car in miles per hour
What element is key to establishing a strong purpose
Prior to the arrival of Europeans what did the natives of North America have in common a They had elaborate trade networks b They all lived in small family unit
Please help Having trouble with this
in scientific inquiry a stated possible explanation is calledA a lawB an observationC a theoryD a hypothesis
find the value of r so that the line that passes through r5 and 3 13 has a slope of 8 a 185 b 34 c 6 d 141