For the Spring Fling Gala, Felicia Has 500 Ft of Lights

question 105

Essay

For the Spring Fling gala, Felicia has 500 ft of lights to hang. If the width of the room is 70 ft, what is the length of the room if she can hang all the lights so that they go around the room exactly once?
Show all of your work and give your answer in a complete sentence.

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Definitions:

Leverage Ratio

The ratio of assets to bank capital.

Reserves

Assets held by a bank or financial institution, often to meet regulatory requirements or as a safeguard against potential crises.

Discount Rate

The interest rate charged to commercial banks and other depository institutions on loans they receive from their regional Federal Reserve Bank's lending facility.

Money Supply

The overall pool of financial assets in an economy at a given stage.