1) https://www.nytimes.com/2023/03/01/business/india-digital-payments-upi.html 2) https://www.nytimes.com/2022/11/13/opinion/cashless-pay-problem.html 3) https://www.nytimes.com/2023/04/09/business/bitcoin-mining-electricity-pollution.html?smtyp=cur&smid=fb-nytimes&fbclid=IwAR2CnNEqkWQ12TZEvAbp4pyhNBlLu9gkf_jA5FJizGQFCagXHaVMySzEiSM please I need a short summaries for these articles.

1) https://www.nytimes.com/2023/03/01/business/india-digital-payments-upi.html 2) https://www.nytimes.com/2022/11/13/opinion/cashless-pay-problem.html 3) https://www.nytimes.com/2023/04/09/business/bitcoin-mining-electricity-pollution.html?smtyp=cur&smid=fb-nytimes&fbclid=IwAR2CnNEqkWQ12TZEvAbp4pyhNBlLu9gkf_jA5FJizGQFCagXHaVMySzEiSM please I need a short summaries for these articles.

Exploring Economics

8th Edition

ISBN:9781544336329

Author:Robert L. Sexton

Publisher:Robert L. Sexton

Chapter25: Money, Banking, And The Federal Reserve System

Section: Chapter Questions

Problem 1P

See similar textbooks

Similar questions

Answer all parts For the following questions assume that the Fed is committed to price level stability. Initially, the exchange rate is 1.0. The US interest rate starts at 0.15 and the Fed increases the money supply by twenty percent (0.2) reducing the interest rate to 0.01. Assume that the economy completely adjusts after two years. Two years from now, the exchange rate is. 1.2 0.80 1.0 1.10 What is the change in the price level over the next two years 0.20 0.10 0.0 -0.10 Starting from today, what is the change in the interest rate over the next two years -0.10 0.00 0.14 0.10
What is the Equation of Exchange presented in the form of an Identity? ________________________________________________________________ where: M represents Money Supply; V represents Velocity; ≡ means must be equivalent to; P represents Price; and Q represents Real GDP.
If speculators bid up the value of the U.S. dollar in the market for foreign exchange, then Answer U.S. goods become more expensive relative to foreign goods so aggregate demand shifts right. U.S. goods become less expensive relative to foreign goods so aggregate demand shifts right. U.S. goods become more expensive relative to foreign goods so aggregate demand shifts left. U.S. goods become less expensive relative to foreign goods so aggregate demand shifts left.
Explain the relationship between a forward contract and a swap.
. Based on your knowledge of the Quantity Theory of Money and the Equation of Exchange, answer the following questions. Assume the Bank of Canada has been instructed by the government to maintain a constant price level in the economy. What should it do if the economy experiences a boom in the business cycle that increases the real GDP increases by 3.5%? Explain briefly. Assume the Bank of Canada has been instructed by the government to maintain a constant price level in the economy. What should it do if the velocity of money declines by 2%? Explain briefly. Assume the Bank of Canada has been instructed by the government to maintain a constant price level in the economy. What should it do if the economy experiences a recession in which the real GDP declines by 3%? Explain briefly. Assume the money supply is $1,200 billion, the velocity of circulation is 8, and the price level is $6. What is the level of real output and nominal output? Assume the money supply is $1,200…
Which of the following properties of a commodity are related to is function as a medium of exchange a) Durability b) Unit of Account c) Homogeneity. d) None of the options is correct. If an economy is at full employment it must be the case that a) an increase of the money supply generates a deflationary process in the long run, while a reduction of the money supply brings along an increase in GDP in the short run. b) an increase of the money supply generates an inflationary process in the long run, while a reduction of the money supply brings along an increase in GDP in the short run. c) an increase of the money supply generates a deflationary process in the long run, while a reduction of the money supply brings along a drop in the GDP of the economy in the short run. d) an increase of the money supply generates an inflationary process in the long run, while a reduction of the money supply brings along a drop in the GDP of the economy in the short run.
Discuss THREE monetary strategies currently implemented in the commonwealth of Dominica. What are the benefits of the type of monetary policy strategies that institutedmentioned above? What are the pitfalls in the strategy?
If there is a temporary demand shock (the demand decreases) and the Fed or the government decides to “do nothing” and to wait for the economy to “fix itself,” which curve(s) will automatically shift on the graph to represent this adjustment?Group of answer choices 1There is a curve that is vertical but it is neither the supply curve nor the demand curve. 2The demand curve. 3The supply curve. 4No curve is vertical in the currency exchange market graph.
All of the following items, except one, are part of the equation of exchange. Which is the exception? Multiple Choice a)Real output. b) The interest rate. c)The money supply. d)The velocity of money. e)The price level.
Country X typically has a high interest rate, and its currency is expected to strengthen against the dollar over time. Country Y typically has a low interest rate, and its currency is expected to weaken against the dollar over time. Both countries have imposed a “blocked funds” restriction over the next four years on the two subsidiaries owned by a U.S. firm. Which subsidiary will be more adversely affected by the blocked funds, assuming that the MNC has only limited opportunities for corporate expansion in both countries?
Define soft currency
Consider a fall in the money supply and the impact that this will have on equilibrium in the goods market via both transmission mechanisms. Which of the following would lead to the biggest change in national income following this fall in the money supply? (a) An investment demand curve that is unresponsive to interest rate changes and an elastic liquidity preference curve. (b) An elastic investment demand curve and a high level of responsiveness from export and import demand following a change in the exchange rate. (c) A lack of responsiveness of the exchange rate to interest rate changes and an endogenous money supply. (d) A low level of responsiveness from export and import demand to a change in interest rates and an exogenous money supply curve.