M1 is the most liquid monetary aggregate.
A measure of the money supply in an economy is called an aggregate of money. To standardized monetary aggregates in the US, the following labels are applied:
MO The monetary base, usually referred to as the physical money supply or coinage and bank reserves maintained by the central bank,
M1: M0 in its whole plus traveler's checks and demand deposits
All of M1, money market securities, and savings accounts are considered M2.
Despite not being frequently noticed and being distinct from the money supply, the monetary base is a crucial monetary aggregates. The total amount of money in circulation as well as the fraction of commercial bank reserves that is kept on hand by the central bank are included. Since it may be multiplied using the fractional reserve banking system, this is also sometimes referred to as high-powered money (HPM).
Learn more about monetary aggregates here
brainly.com/question/10706198
#SPJ4
To determine the answer to this, let us first determine the
interest using the formula:
Interest = Principal amount * Interest rate * Number of
months / 12
September to December would be 4 months, therefore:
Interest = $50,000 * 0.06 * 4/12
Interest = $1,000
Therefore the adjusting entry should be:
debit to Interest Expense of $1,000
Answer:
On or before April 15, year 2.
Explanation:
Answer:
103.4709
Explanation:
The computation is shown below:
Given that
U.S inflation rate = 3%
Japan inflation rate = 1.5%
Current exchange rate = 105
Now the new exchange rate for the yen is
= Current exchange rate × (1 + Japan inflation rate) ÷ (1 + U.S inflation rate)
= 105 × (1 + 1.5%) ÷ (1 + 3%)
= 105 × (1.015 ÷ 1.03)
= 105 × 0.985436893
= 103.4709
The available options are the following:
-Board members serve on multiple boards
-People with knowledge of the firm's history are replaced with those who may not know as much information
-Less frequent board meetings
-Better decisions about important issues
Answer:
-People with knowledge of the firm's history are replaced with those who may not know as much information
Explanation:
Considering the available options, the option that appears negative and related to the point being discussed is
"People with knowledge of the firm's history are replaced with those who may not know as much information."
It is straightforward, as changing the board of directors will at some point lead to a time where the new member in the board of directors will just be a competent worker but has no history with the company.
