Assuming the required-reserve ratio is 20%, after a $5 billion purchase of securities (government bonds) from the non-bank publi
c by the Fed, if all banks make loans until excess reserves equal zero and there are no cash leakages, checkable deposits can expand as a result of new lending by a maximum of _____.
If a currency such as the US$ is traded in a competitive market, a(n) increase in demand for the US$ raises the price of the US$ in terms of another currency such as the Japanese Yen (yen).
Based on the scenario being described within the question it can be said that the most likely reason for such employee resistance to change is uncertainty. This basically revolves around not knowing what is going to happen or the information regarding some sort of change. Such as not knowing the details of the area in which Desiree will have to move to if she were to accept her new promotion.
