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lutik1710 [3]
2 years ago
10

Let's assume that in a hypothetical economy currency in circulation is $600 billion, the amount of checkable deposits is $900 bi

llion, excess reserves are $15 billion and required reserve ratio is 10%. a. Calculate money supply, currency to deposit ratio, excess reserve ratio and money multiplier. b. Suppose Fed conducts very large open market purchase of $1400 billion due to a sharp recession. Assuming the ratios hold, what will be the effect on money supply? c. Now suppose the Fed conducts the same open market purchase as in part (b) except banks choose to hold all the proceeds as excess reserves. Assuming currency to deposit and required reserve ratios stay the same, what happens money multiplier and money supply? d. Can you draw parallels between part (c) and what happened during the financial crisis of 2008?
Business
1 answer:
vredina [299]2 years ago
5 0

Answer:

the question is too long I don't even understand

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3 years ago
You first look at the trial balance. In addition to the account balances reported in the income statement, the ledger contains t
Greeley [361]

Answer:

rent revenue 21,500 debit

  unearned revenue  21,500 credit

--to amend incorrect recognition of revenue--

Supplies expense  4,070 debit

              Supplies          4,070 credit

--to record use of supplies--

Insurance expense  1,875 debit

              Prepaid Insurance 1,875 credit

--to record use of supplies--

advertizing expense 150 debit

repair expense        1050 debit

utilities expense       200 debit

    account payable           1,400 credit

--to record accrued expenses--

wages  expense   810 debit

   wages payable       810 credit

--to record accrued wages--

interest expense 420 debit

  interest payable    420 credit

--to record accrued interest--

Explanation:

#1 unearned revenue

The company should not recognize the summer-month occupancy as this occurs between April and June thereofre it is unearned The company has an obligation to perform. To give the rental space thus it is a liability not earnings.

#2 Supplies adjustment:

Jan 1st $4,600 - March 31st $530 = $4,070 supplies expense

#3 expired insurance:

value per month: $7,500 / 12 months = 625

month expired between Jan 1st and March 31st: 3

total value f expired insurance: $625 per month x 3 month = 1,875

#4 accured expenses concetps were incurred and we most recognize them

#5 each day $270 times 3 days accrued = 810 total wages accrued

#6 accrued interest expense: principal x rate x time

$21,000 x 0.08 x 3/12 = $420

3 0
3 years ago
can anyone please subscribe my ch named Animals World with the dp of Lion on my ch. and please also like the video and subscribe
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Answer: ok

Explanation:

3 0
2 years ago
Read 2 more answers
A customer submits a written complaint disputing monetary charges assessed against an account held at a member broker-dealer. re
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The International Classification of Health Interventions (ICHI) and the International Classification of Medical Procedures (ICPM)

Learn more about  Code of Conduct here

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4 0
1 year ago
A customer got serious food poisoning from Chix Now restaurant on April 30, 20x2, necessitating a trip to the emergency room. On
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Answer:

Yes the company must recognise the effects of this ruling.

Explanation:

As provided the law suit was initiated in the year 20x2, because of the activity happened in April 20x2.

Accordingly, company was already prepared for a liability of $100,000.

Whenever an event that occurs after the balance sheet is a mere confirmation to what was expected on balance sheet date, or is in alignment with things on record on the balance sheet date, it shall be provided in the balance sheet of that year.

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