Sandra has two credit cards, p and q. card p has a balance of $726.19 and an interest rate of 10.19%, compounded semiannually. card q has a balance of $855.20 and an interest rate of 8.63%, compounded monthly. assuming that sandra makes no purchases and no payments with either card, after four years, which card’s balance will have increased by more, and how much greater will that increase be?
a. card q’s balance increased by $7.22 more than card p’s balance.
b. card q’s balance increased by $6.69 more than card p’s balance.
c. card p’s balance increased by $3.43 more than card q’s balance.
d. card p’s balance increased by $0.80 more than card q’s balance.

True or false: banks are required to make electronically deposited funds available on the same day of the deposit

Which is one solution to levy the complexity of the global matrix strategy with added customer-focused dimensions?

Uppose that the federal reserve purchases a bond for $100,000 from donald truck, who deposits the proceeds in the manufacturer’s national bank. what will be the impact of this purchase on the supply of money? the money supply will increase by $100,000. the money supply will increase by $80,000. the money supply will increase by $500,000. this action will have no effect on the money supply. if the reserve requirement ratio is 20 percent, what is the maximum amount of additional loans that the manufacturer’s bank will be able to extend as the result of truck’s deposit? the maximum additional loans is $100,000. the maximum additional loans is $80,000. the maximum additional loans is $20,000. the maximum additional loans is $500,000. given the 20 percent reserve requirement, what is the maximum increase in the quantity of checkable deposits that could result throughout the entire banking system because of the fed’s action? this action will have no effect on the money supply. the money supply will eventually increase by $80,000. the money supply will eventually increase by $500,000. the money supply will eventually increase by $100,000.