Bank reserves are $250, the public holds $200 in currency, and the desired reserve-deposit ratio is 0.25. Find deposits and the money supply.

Explanation:

Deposits can be calculated by;

= Bank reserves / Reserve - deposit ratio

= 250/0.25

= $1,000

The Money Supply;

= Deposits + Money held by public

= 1,000 + 200

= $1,200

(a) when insurance is obtained through a reciprocal insurer, the insureds are sharing the risk of loss with other subscribers of that reciprocal.

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answer(b) revenue account which increases;