Solve the Following Equation

question 23

Short Answer

Solve the following equation. Be sure to check each answer in the original equation if you multiply both sides by an expression that contains the variable. x = __________

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Definitions:

Checking Deposits

Deposits in a bank account that can be withdrawn at any time without prior notice, typically used for day-to-day expenses.

Reserve Ratio

The percentage of deposits that banking authorities mandate a bank to keep as reserves, prohibiting them from being loaned out.

Goldsmith's Receipts

Historical documents issued by goldsmiths that served as a form of paper money, representing a claim on the gold held by the goldsmith.

American Taxpayers

Citizens and entities in the United States responsible for paying taxes to federal, state, and local governments, contributing to public services and infrastructure.