Answer:
a) reserves fall by $1,000, checkable deposits fall by $10,000, and the monetary base remains unchanged
Explanation:
The bank reserves will decrease by the same amount that the client withdrew from the bank, in this case $1,000.
Since the required reserve ratio for checkable deposits is 10%, then the checkable deposits will decrease by 10 times the amount withdrawn from the bank ($1,000 x 10 = $10,000).
The monetary base remains unchanged since the money is still out there in the economy, it only changed from being in the bank to being in the client's pocket.
Answer: It has 1 milion dollars in required reserves
Explanation:
Tot. Res = Vault cash + Deposit with Federal Reserve
Tot. Res = 2 million dollars + 8 million dollars = 10 million dollars
Total reserves are the sum of excess reserves and required reserves
.
Tot. Res. = Exce. Res. + Req. Res.
10 million dollars = 9 million dollars = Req. Res.
Req. Res. = 10 million dollars- 9 million dollars.
Req. Res. = 1 million dollars.
Answer:
The amount of the last annual dividend paid is <u>$4.3</u>.
Explanation:
Given:
The common stock of Zeta Group sells for $42 per share, has a rate of return of 12.2 percent, and a dividend growth rate of 1.8 percent annually.
Now, to find the amount of last annual dividend paid.
Let the amount of last annual dividend paid be 
Price of per share (
) = 
Rate of return (
) = 
Rate of dividend growth (
) = 
Now, to get the amount of last dividend paid we put formula:
<em>Multiplying both sides by 0.104 we get:</em>
<em />
<em />
<em>Dividing both sides by 1.018 we get:</em>
Therefore, the amount of the last annual dividend paid is $4.3.
Answer: Option E
Explanation: In a free market system the prices of goods and services produced are determined by the market forces of demand and supply. This are also known as open market.
The intervention of govt. in regulating such markets is very minimal. Thus, the control in such markets stands in hands of private owners. Therefore, the private owners produce with the single aim of profit maximization in such economies.
Hence we can conclude that the right option is E.
The situation that corresponds with the graph of the market for gasoline-fuelled cars is the average price of crude oil decreased, causing the price of gasoline to decrease as well.
The graph is a diagram of the demand and supply curve for gasoline-fuelled cars. There is a rightward shift of the demand curve. A rightward shift of the demand curve indicates that the demand for gasoline-fuelled cars have increased.
<u><em>Factors that can lead to a rightward shift of the demand curve for gasoline-fuelled cars</em></u>
- A decrease in the cost of a <em>complement good:</em> A <em>complement good</em> is a good that can be used together with a gasoline-fuelled car. An example of a <em>complement good</em> for gasoline-fuelled car is gasoline. If there is a decrease in the cost of gasoline, the demand for gasoline-fuelled cars would increase.
- An increase in the price of<em> substitute goods</em>: A <em>substitute good </em>is a good that can be used in place of another good. A substitute for gasoline-fuelled cars are electric cars. If the price of electric cars increase, the demand for gasoline-fuelled car would increase.
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