A stranger arrives from outside a given economic system with $1,000 of acceptable currency that has never been in the system before. The nation's banking system is governed by a central bank that has set a reserve requirement of 10 percent. a. Assume the stranger deposits the $1,000 in a local bank. Explain the impact of this deposit on each of the following:

1. The change in the dollar value of the local bank's reserves.
2. The maximum possible change in the dollar value of the local bank's loans.
3. The maximum possible change in the dollar value of the total money supply.

b. State TWO factors in the real world that might cause this change in the money supply to be less than the maximum possible change.

When color is used on a topographical drawing, black is used to represent what?

Insurance companies have internal controls in place to protect assets, monitor the accuracy of accounting records and encourage operational efficiencies and adherence to policies. these internal controls are generally of two types: administrative controls and accounting controls. administrative controls are the policies and procedures that guide the daily actions of employees. accounting controls are the policies and procedures that delineate authorizations of financial transactions that are done, safeguard assets, and provide reports on the company’s financial status in a reliable and timely manner. internal controls should include both preventative and detective controls. the purpose of preventative controls is to stop problems and errors before they occur. detective controls identify problems after they have occurred. preventative controls are usually more effective at reducing problems, but they also tend to be more expensive. internal controls must be flexible to adjust for changes in laws and regulations in addition to adding new products or modifying current ones. companies must also do regular analyses to ensure that the benefits of implementing the controls are worth their costs. when concerned about paying unwarranted insurance claims which type of control would be useful?

Location test: question 1 of 54)water is a solvent because itoa. is made of moleculesob. dissolves many substancesc. is a saltd. has a large buffering capacity