If a Goldsmith Has 200 Gold Coins in His Safe

question 123

Short Answer

If a goldsmith has 200 gold coins in his safe and there are 400 receipts in circulation,how much is his reserve ratio?

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Definitions:

Mixing Machines

Equipment used in various industries to blend or mix ingredients into a homogenous substance.

Maximize Net Operating Income

Strategies or actions undertaken by a company to increase the difference between its operating revenues and operating expenses.

Fixed Manufacturing Expenses

Costs that do not change with the level of production, such as rent, salaries, and depreciation of equipment.

Selling and Administrative Expenses

Costs related to the selling of products and the administration of the business, not directly tied to production.