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Answer: The answer is as follows:
Explanation:
Given that,
Total reserves = $200 billion
Required reserves = 12.5 % of checking deposits
Therefore,
(a) Money multiplier =
=
= 8
(b) Money supply = Money multiplier × Total reserves
= 8 × $200 billion
= $1,600 billion
(c) Now, if Fed increases the required reserves to 16% of deposits.
New Money multiplier =
=
= 6.25
New Money supply = Money multiplier × Total reserves
= 6.25 × $200 billion
= $1,250 billion
Money supply decreases to $1,250 billion.
Answer:P value = 1 - 0.9793 = 0.0207
Explanation:
we can use Z value and normal distribution to find P value. P value is the area of beyond the value of Z value
sample mean (x.bar) = $52.20
Population mean (U) = $50
Sample Standard deviation (Sd) =$ 6.10
sample (n) = 25
Z = =
Z = 2.50/1.22 = 2.049280328 = 2.049
area (normal distribution table) = 0.9793
P value = 1 - 0.9793 = 0.0207