1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
JulsSmile [24]
3 years ago
5

) suppose that currency in circulation is $600 billion, the amount of checkable deposits is $900 billion, and excess reserves ar

e $15 billion. assume that the required reserve ratio is 10%.
a. calculate the money supply, the currency deposit ratio, the excess reserve ratio, and the money multiplier.
Business
2 answers:
mixer [17]3 years ago
6 0

Money supply = Currency in circulation + Checkable deposits.=600 + 900 = 1500 Billion

Current deposit ratio = Currency in Circulation/ Checkable deposits. = 600/900 = .667

Excessive reserve ratio = Excess Reserves/Checkable deposits.= 15/900 = .0167

Money multiplier = (1 + C)/(rr + ER + C)= (1 + .667)/ (.0278 + .0167 + .667) = 2.343

Inessa05 [86]3 years ago
4 0
Money supply = Currency in circulation + Checkable deposits.=600 + 900 = 1500 Billion

Current deposit ratio = Currency in Circulation/ Checkable deposits. = 600/900 = .667

Excessive reserve ratio = Excess Reserves/Checkable deposits.= 15/900 = .0167

Money multiplier = (1 + C)/(rr + ER + C)= (1 + .667)/ (.0278 + .0167 + .667) = 2.343
You might be interested in
The quality and variety of fish available along the coastline of the small village of Andres declined substantially due to overf
Reika [66]

Answer:

The correct answer is letter "A": The Ministry of Environment limits the number of trees that each lumbering firm can fell.

Explanation:

The case given relates to how the government set limits to the unregulated exploitation of natural resources to control its renewability. In that way, both the fishermen and the lumbering firms' activities were reduced to a rational number so that the resources they work with cannot be extinguished.

4 0
4 years ago
Josh purchased 100 shares of XOM for $76.63 per share at the beginning of 2007. He received dividends per share of $1.37 (2007),
never [62]

Answer:

The IRR is 4.08%

Explanation:

In calculating the internal rate of return in excel,the cash outflow of $76.63 is shown in year 0 with a negative sign to indicate that it is the initial investment on the share, followed by dividends in received in later years shown as positive figures ,however in the fifth the dividend received and the cash received from disposing of the share were added together to show total cash inflow in the last year.

The computation of IRR is shown below

IRR for the share purchase  

 

Years Cash flow

0 -76.63

1 1.37

2 1.55

3 1.66

4 1.74

5 86.61  

IRR 4.08%

Find attached for detailed computation.

Download xlsx
4 0
3 years ago
Investigators who are interested in studying attitudes and would like to gain a lot of information very quickly are likely to us
Alona [7]
<span>Investigators who are interested in studying attitudes and would like to gain a lot of information very quickly are likely to use self report.<span>

It uses survey, questionnaire, or poll to help experimenter to gain knowledge about the participant's feelings, attitudes, beliefs and so on.</span></span>
7 0
3 years ago
Nathan works at GoDrive Rentals, a car rental company. His job involves motivating and developing the company's sales teams as w
Harman [31]

Answer: Nathan is most likely a middle level manager

Explanation: This is because Middle level mangers are functional or departmental mangers, in charge of

Executing overall strategic organizational plans and giving direction or guidance to low level managers, so any instructions given by a middle level manager has to be in conformity with the overall strategic policy of the company. Sales manager, marketing manager, finance manager etc are all examples of a middle level manager, even managers from different branches can be classified as middle level managers

5 0
3 years ago
g Which inventory costing method assigns to ending merchandise inventory the newestlong dashthe most recentlong dashcosts incurr
Lena [83]

Answer:

B. ​First-in, first-out​ (FIFO)

Explanation:

First-in, first-out (FIFO) is an accounting principle which refers to a process whereby assets that are purchased first are sold first. In this situation, the cost in which the particular inventory was purchased is still the same cost with which it is sold out.

First-in, first-out principle can be used to determine the profitability of a merchandise with its associated cost taken into consideration.

5 0
4 years ago
Read 2 more answers
Other questions:
  • Hurry!! #10
    5·1 answer
  • Vipsana's Gyros House sells gyros. The cost of ingredients (pita, meat, spices, etc.) to make a gyro is $2.00. Vipsana pays her
    13·1 answer
  • Business travelers are more likely than leisure travelers to choose an airline primarily based on the frequent flyer program. Fa
    9·1 answer
  • Teno Industries Inc. is a manufacturing company based in Texas. In the year after Teno Industries implemented a comparable-worth
    13·1 answer
  • Jeanne and Mark are buying a home. They've been told their mortgage payment will be $1,072 per month. There's also an additional
    13·1 answer
  • If actual output exceeds potential output for a prolonged period of time, we would eventually expect factor prices to:
    5·1 answer
  • Meiji Isetan Corp. of Japan has two regional divisions with headquarters in Osaka and Yokohama. Selected data on the two divisio
    14·1 answer
  • Which of these is MOST associated with the term "contraction" as it relates to the business cycle?
    11·2 answers
  • You are the beneficiary of a life insurance policy. The insurance company informs you that you have two options for receiving th
    12·1 answer
  • Rural or suburban areas are less expensive to visit than urban areas.<br> -True<br> -False
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!