Answer:
a M1 would not change.
Explanation:
the checkable deposits are part of M1 as well as the currency and coins. Therefore, a component of M1 decrease (currency) while another of M1 (checkable deposits) increase.
As the banking system works with a 100-percent required reserve there is no multiplier effect from the deposit therefore M1 do not change.
Assuming the total amount of gasoline purchased is 12 million barrels per day. The percentage change in the quantity demanded is: 50%.
<h3>Percentage change in the quantity demanded</h3>
Using this formula
Percentage change in quantity demanded= (Total amount of gasoline purchased- total amount of gasoline purchased in united states)/ Total amount of gasoline purchased in united states×100
Let plug in the formula
Percentage change in quantity demanded=(12 - 8) / 8
Percentage change in quantity demanded =4/8×100
Percentage change in quantity demanded=50%
Inconclusion the percentage change in the quantity demanded is: 50%.
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Answer:
$6,225.08
Explanation:
The computation of the future value of these cash flows in year 4 is shown below:
= Year 1 cash flow × (1 + interest rate)^year + Year 2 cash flow × (1 + interest rate)^year + Year 3 cash flow × (1 + interest rate)^year + Year 4 cash flow × (1 + interest rate)^year
= $950 × 1.08^3 + $1,180 × 1.08^2 + $1,400 × 1.08^1 + $2,140
= $950 × 1.259712 + $1,180 × 1.1664 + $1,400 × 1.08 + $2,140
= $1,196.7264 + $1,376.352 + $1,512 + $2,140
= $6,225.08
