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Anettt [7]
3 years ago
11

Suppose that a small country currently has $4 million of currency in circulation, $6 million of checkable deposits, $200 million

of savings deposits, $40 million of small denominated time deposits, and $30 million of money market mutual fund deposits.
From these numbers, we see that this small country’s M1 money supply is _________, while its M2 money supply is __________.

a. $10 million; $280 million.
b. $10 million; $270 million.
c. $210 million; $280 million.
d. $250 million; $270 million.
Business
1 answer:
Hitman42 [59]3 years ago
4 0

Answer:

correct option is a. $10 million; $280 million

Explanation:

given data

cash = $4 million

check able deposits = $6 million

savings deposits = $200 million

time deposits = $40 million

mutual fund deposits = $30 million

to find out

M1 money supply and M2 money supply

solution

we get here M1  that is

M1 = Cash + check able deposits     ...........1

put here value

M1 =  $4 + $6

M1 = $10 million

and

M2 will be here as

M2 = M1 + saving deposits + time deposits + mutual fund deposits ...............2

put here value

M2= $10 + $200 + $40 + $30

M2 = $280 million

so correct option is a. $10 million; $280 million

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4 0
3 years ago
Bernard is a trainee accountant. His manager asked him to record a loss on the sale of machinery in the business’s temporary acc
Agata [3.3K]

Answer:

Gain and loss accounts

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The per-unit standards for direct materials are 2 pounds at $5 per pound. Last month, 9200 pounds of direct materials that actua
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Answer:

the direct material quantity variance is $5,000 favorable

Explanation:

The computation of the direct material quantity variance is shown below:

Direct material quantity variance is

= (Actual quantity - standard quantity) × standard price

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= (9,200 pounds - 10,200 pounds) × $5 per pound

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2 years ago
find the selling price per pound of a coffee mixture made from 8 pounds of coffee that sells fo $9.20 per pound and 12 pounds of
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Answer:

$6.98 per pound

Explanation:

The computation of the selling price per pound is shown below:

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= $6.98 per pound

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