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4 years ago

6

Assume the reserve requirement is 10%. First National Bank received a deposit of $5,400. If there no slippage, how much could th

e money supply expand?

1 answer:

natta225 [31]4 years ago

4 0

<span>Reserves fall by $1,000, checkable deposits fall by $10,000, and the monetary base remains uncharged.</span>

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Fixing your sink is an example of a nonmarket transaction.

svetoff [14.1K]

True it is a non market transaction

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4 years ago

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Electronic products can be satisfying as well as frustrating for consumers. For example, a consumer may be highly satisfied with

Leni [432]

Answer: PANAS

Explanation:

PANAS is a positive and negative Affect Schedule, a self report questionnaire that has questions to evaluate the positives and negatives of a product or service. PANAS can be used to carry out customers research.

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3 years ago

Garland Inc. offers a new employee a single-sum signing bonus at the date of employment, June 1, 2021. Alternatively, the employ

sweet [91]

Answer:$69,030

The employee can decide to receive a single amount of $69,030 at the employment date.

Explanation:

The time value of money is the idea that money is worth more now, than the same amount a year or five years from now. You can buy more with $10,000 today than you will be able to in 2021 or 2025.

The formula for calculating the present value of money is

$PV =FV \frac{1 }{(1+r)^{n} }$

or

$PV = \frac{FV }{(1+r)^{n} }$

Where PV is the present value

FV is the future value ($10,000)

r is the time value of money (9% or 0.09) and

n is the number of periods (2025 to 2029).

In this question,

2021 is period 0. In 2021, the employee receives 39,000. This is the <u>present value</u> = 39000

2022 is period 1

2023 is period 2

2024 is period 3

2025 is period 4. In 2025, the employee will receive 10,000 so the present value, PV = $10000\frac{1}{(1+0.09)^{4} }$

PV=10000 * 0.708 = 7080

2026 is period 5. In 2026, the employee will receive 10,000 so the present value, PV = $10000\frac{1}{(1+0.09)^{5} }$

PV=10000 * 0.650 = 6500

2027 is period 6. In 2027, the employee will receive 10,000 so the present value, PV = $10000\frac{1}{(1+0.09)^{6} }$

PV=10000 * 0.596 = 5960

2028 is period 7. In 2028, the employee will receive 10,000 so the present value, PV = $10000\frac{1}{(1+0.09)^{7} }$

PV=10000 * 0.547 = 5470

2029 is period 8. In 2029, the employee will receive 10,000 so the present value, PV = $10000\frac{1}{(1+0.09)^{8} }$

PV=10000 * 0.502 = 5020

In total, the present value = (39000 + 7080 + 6500 + 5960 + 5470 + 5020)

=69,030

The employee can decide to receive a single amount of $69030 at the employment date.

(You can also look up the values in a discount table and multiply them by the present value. Note that the first payment of $10,000 is in period 4, not 5. This is because 2021 is period 0)

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3 years ago

The inflation tax is the effect on the public of

shusha [124]

Inflation tax is an effect afflicted to the public due to holding of cash at the time of high inflation rates. As the government produces more money by printing authenticated paper assets, the inflation rate increases. This is why production of cash money is closely regulated.

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4 years ago

If a firm invests amount P0 at an interest rate of r%, then a year later invests amount P1 at the same rate, then the total am

Yuki888 [10]

Answer:

interest rate = 5.01%

Explanation:

$a (1+r)^{2} + b (1+r) = c$

p0= a = 1000

p1= b = 2400

amount = c= -3623

rate = ?

Because the first amount is investment for a period of 2 years, and the second 1 year, we can solve for rate using the quadratic equation:

$x = \frac{ - b +/- \sqrt{b^{2} - 4ac} }{2a}$

$1000 (1+r)^{2} + 2400 (1+r) = 3623$

$1000 (1+r)^{2} + 2400(1+r) - 3,623 = 0$

A = 1000

B = 2400

C = -3623

$x = \frac{ - 2400 \sqrt{2400^{2} - 4*1000*-3623} }{2*1000}$

x1 = 1.0501111083677623

x2 = -3.4501111083677625

We use the positive root:

x1 = 1.0501111083677623 = (1+r)

1.0501111083677623 - 1 = r = 0.0501111 = 5.01%

EDIT several problems with the math tool but kind of worked

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4 years ago