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dybincka [34]
4 years ago
5

Suppose she withdraws $500 in cash from her savings account. by what dollar amount does the country's money supply (m1 and m2) c

hange as a result of jane's actions?
Business
1 answer:
N76 [4]4 years ago
5 0

Answer:

M1 will increase by $500 and M2 will remain unchanged.

Explanation:

The money supply is made up of:

M1: includes all coins and bills in circulation, travelers' checks and checking accounts

M2: includes M1 + short term bank deposits and 24 hour money market funds

M3: includes M2 + long term deposits and money market funds with more than 24 hour maturity

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In the early 1980s, new legislation allowed banks to pay interest on checking deposits, which they could not do previously. If w
igomit [66]

Answer:

Explanation:

Aggregate output would have decreased.

The payment of interest on check deposits would have increased check deposits by bank customers.

This implies increase in saving, over consumption.

The reduction in consumption or demand for goods and services will in turn reduce aggregate output.

When saving increases over spending, lesser goods will be purchased and production will fall.

To have maintained a constant market interest rate in the face of this change, the Federal Reserve would have had to increase the money supply if not, interest rate on nonmonetary assets would fall.

5 0
3 years ago
Compute the amount of gross profit from the sales in July. (Hint: Add any underapplied overhead to, or deduct any overapplied ov
sasho [114]

Answer:

Gross profit = $790000

Explanation:

Suppose:

Sales = 1000000

Cost of goods sold = 200000

Actual overhead = 100000

Direct labor used = 15000 hours

Predetermined rate = $ 6 per hour

Computation of gross profit:

         Sales =                                                                             1000000

less:<u> Cost of goods sold</u>                    =200000      

Add: under applied overhead (w#1) = <u>10000</u>

                                                                                                 (<u>210000</u>)

                Gross profit                                                              790000

(w#1) Applied overhead = Actual labour hours * predetermined rate

                                         = 15000 * 6 = $90000.

   Actual overhead                              =  <u>100000</u>

Under applied overhead                          10000

3 0
4 years ago
If you can smell gasoline ______ after filling up, your vehicle’s evaporative emissions system should be checked for leaks
Ber [7]
Fumes is the answer.
5 0
3 years ago
Read 2 more answers
Which of the following is the best way to help build your self-esteem?
just olya [345]

Answer:

The correct answer is D. Know your abilities.

Explanation

Self-esteem is the feeling that makes people worry about themselves and arouses the feeling of self-preservation; this is related to the way we value ourselves and we feel confident about our abilities, personality, and attributes. Due to this, one of the first steps to build or improve self-esteem is to know yourself and appreciate positive aspects such as attributes, strengths, talents, abilities, etc. Also, it is important to recognize negative aspects but to avoid focusing on these. As a result, you can understand your own value and appreciate or love yourself for this. So, the correct answer is A. Know your abilities.

6 0
3 years ago
Read 2 more answers
When two people have an emotional connection, their act is called a(n):
nexus9112 [7]
Their act is called "Falling in Love" because when two people have a strong or emotional connection, their act is "Falling in Love".


Hope this helps :)
4 0
4 years ago
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