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vichka [17]
3 years ago
15

Assume that Jimmy Cash has $2000 in his checking account at Folsom Bank and uses his checking account card to withdraw $200 of c

ash from the banks' ATM machine. By what dollar amount did the M1 money supply change as a result of this single , isolated transaction?
Business
1 answer:
ad-work [718]3 years ago
8 0

Answer:

It has no effect

Explanation:

M1 includes the currency and checking accounts. The bank account will decrease by 200 (cheking deposit) and increase currency by 200. So it will be the same as before the transactions.

The M1 money supply will not change as a result of this transaction.

In other words, M1 contains cash and near cash equivalent, this transaction do not increase or reduce these concepts.

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A__ is an investment option that is open only to private, accredited
Scrat [10]

Answer:

hedge fundfundfundfundfund

Explanation:

3 0
3 years ago
Dawson is saving for a down payment to buy a house. He has opened a bank account that earns 2.5% interest compounded monthly. Ho
Anika [276]

Answer:

Present Value of the Investment is $17246.

Explanation:

The Discounting formula would be used to discount the future value $20,000 at the required rate of 2.5% for 6 number of years. So the formula is as under:

Present Value = Future Value / (1+r)^n

By putting values, we have:

Present Value = $20,000 / (1+2.5%)^6 = $20000 / 1.120 = $17246

Dawson must invest now $17246 to receive $20000 after 6 number of years.

5 0
3 years ago
Explain briefly whether each of the following would cause GDP to overstate or understate the degree of change in the broad stand
Mars2501 [29]

Answer:

a. Overstate b. Understate c. Understate d. Understate

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a. As the environment becomes dirtier, the broad standard of living declines, but it is not included in GDP. GDP includes final goods and services produced. So, here GDP will be overstated.

b. Similarly, the decline in crime rates are not included in GDP, though cause the standard of living to improve. So, here GDP is understated.

c. Availability of variety of goods improves the standard of living but is not included in GDP, so it is understated.

d. A decline in the infant mortality rate means the broad standard of living is improving. But since it is not included in the GDP, it is understated.

4 0
3 years ago
Is a 401 K considered an individual retirement account?.
Natasha_Volkova [10]

No, 401(k) can not be considered as an individual retirement account.

The 401(k) differs from an individual retirement account ((RA) because A 401(k) is created through an individual's employer. Generally, 401(k)s as well as individual retirement accounts include beneficial tax advantages, But where we see a distinction is that the 401(k)s are designed for employers of labor to offer while individual retirement accounts are for Individuals as IRAS give more investment opportunities and 401(k)s gives a higher annual contribution.

To know more about Individual retirement account visit:

brainly.com/question/2084315

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5 0
2 years ago
Which of the following curves resembles supply curve under perfect competition in the short run? options average cost curve abov
Lesechka [4]
<span>In the short run firms cannot exit the market. With a perfectly competitive market, each firm has to take the price as given and can sell as much as it wants at the given price, i.e. MR=P. Each firm maximizes profits by producing the quantity where its marginal revenue equals its marginal cost, i.e. MR=MC=P. Therefore the marginal cost curve is the short run supply curve of the firm. </span>
3 0
3 years ago
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