Calculate the Missing Information, Rounding Dollars to the Nearest Cent

question 110

Short Answer

Calculate the missing information, rounding dollars to the nearest cent and percents to the nearest tenth percent: $$\begin{array} { l l l l l } & \text { Original } & \text { Amount of } & \text { New Sale } & \text { Markdown } \\\text { Item } & \text { Selling Frice } & \underline { \text { Markdown } } & \underline { \text { Price } } & \underline { \text { Percent } } \\\text { Necklace } & & & \$ 249.00 & 20 \%\end{array}$$

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Definitions:

M1

A category of the money supply that includes all physical money like coins and currency, as well as demand deposits, checking accounts, and negotiable order of withdrawal (NOW) accounts.

M2

A measure of the money supply that includes cash, checking deposits, and easily convertible near money, such as savings deposits and money market mutual funds.

FDIC

The Federal Deposit Insurance Corporation, a US government agency that insures deposits in banks and thrift institutions.

Bank Deposits

Money placed into banking institutions for safekeeping. These deposits are typically made into checking or savings accounts.