1. The Federal Reserve a. Is the large stockpile of currency reserved for wartime uses b. May be used for Federal, but not state government uses c. Is responsible for controlling the money supply d. Was established in 1789 with the ratifying of the Constitution   2.In a system of 100% reserve banking, $100 is deposited. What is the money multiplier? a. Depends on what is withdrawn from the account b. 1 c. $100 d. There is insufficient information to state the value of the money multiplier

Question
1. The Federal Reserve
a. Is the large stockpile of currency reserved for wartime uses
b. May be used for Federal, but not state government uses
c. Is responsible for controlling the money supply
d. Was established in 1789 with the ratifying of the Constitution
 
2.In a system of 100% reserve banking, $100 is deposited. What is the money multiplier?
a. Depends on what is withdrawn from the account
b. 1
c. $100
d. There is insufficient information to state the value of the money multiplier

Expert Answer

Want to see the step-by-step answer?

Check out a sample Q&A here.

Want to see this answer and more?

Experts are waiting 24/7 to provide step-by-step solutions in as fast as 30 minutes!*

*Response times may vary by subject and question complexity. Median response time is 34 minutes for paid subscribers and may be longer for promotional offers.
Tagged in
Business
Economics

Other

Related Economics Q&A

Find answers to questions asked by students like you.

Q: There are four main transmission channels that can be used as monetary policy to target the offici...

A: Monetary policy is used by the Central Bank of the country to regulate the income of the economy by ...

Q: Consider the following scenario to understand the relationship between marginal and average values. ...

A: Calculation of Rajiv's free throw percentage for each game and her overall free throw average after ...

Q: How does cost-benefit analysis differ from CE analysis? Why has CE analysis become the method of cho...

A: In any kind of a project, the costs and benefits involved are compared against each other to determi...

Q: Show how workers who wish to maximize the present value of lifetime earnings calculate the net gains...

A: International mobility of labor depends on the factors like- net present value of staying in the job...

Q: Demographers have been very surprised that total fertility rates have fallen below 2.0, especially b...

A: Demographic: It stands for the statistical study of human beings and it includes the population, edu...

Q: Question  The NIH oversees the:   1. The Surgeon General   2. Homeland Security   ...

A: An significant U.S. health agency is the National Institutes of Health (NIH).

Q: Suppose the demand curve for a product is Q=60/P. Compute the quantity demanded at prices of $1, $2,...

A: Given: Demand function: Q= 60/P By substituting the values of P in the demand function, we will get ...

Q: Identify and explain causes for congressional gridlock

A: Congressional gridlock is a situation where decisions involve or controlled by different parties, du...

Q: Part5 Explain how each of the following situations would affect a nation’s production possibilities ...

A: The production possibilities curve of a nation is the locus of all maximum combinations of two goods...

Q: Suppose the value of marginal product of labor in the steel industry (in dollars per year) is given ...

A: In competitive industry the producer will employ the workers, till the value of marginal product is ...

Q: Question  Prior to the outbreak of COVID-19, the US spends less than 5% of overall health care spe...

A: The healthcare system of the United States of America is an amalgamation of public and private insur...

Q: Suppose the Federal Reserve begins to increase the supply of money at an increasing rate. What impac...

A: The money supply refers to the flow of money into the economy or the supply of money into the econom...

Q: Number 9, the Boston Red Sox one

A: Given, Total number of setting is 38000 Per unit tax is $5 per ticket. Cost per unit (P) is $5 per t...

Q: Minister of labour, Thulas Nxesi, has gazetted South Africa’s new minimum wage which will take effec...

A: A minimum wage is a price floor policy that dictates the lowest price for labor that any employer ma...

Q: major league baseball plans to sell special commemorative jerseys for the world series. the supplier...

A: C(x)= 10x2-680x-20,000 MLB plans to sell them for 120 dollars each

Q: 1) When income increases from $80000 to $81000, the quantity demand of good A increases from 3000 to...

A: "Since you have asked multiple questions, we will solve first question for you.. If you want any spe...

Q: 2. Consider a competitive market for apartments in Bandung. What is the effect on the equilibrium p...

A: As there is an increased level of consumer income, people will have more demand at the same prices.

Q: A homogeneous products duopoly faces a market demand function given byP = 300 − 3Q, where Q = Q1 + Q...

A: The market demand function. P=300-3QWhere, Q=Q1+Q2MC=100

Q: Why is imperfect information a problem in market economies?  Give a current example of how imperfect...

A: In economics, a market is considered as efficient when it is operated at the equilibrium level that ...

Q: In the example presented by this graph, what is total output when the fifth worker is added? The Pro...

A: when the 5th worker added, the total output is 52.

Q: Plot the supply curve from the supply schedule information provided. Price Quantity Supply (Qs ) 1 3...

A: The supply curve from the given above supply schedule, a) The supply curve in the graph is showing a...

Q: Explain how each of the following situations would affect a nation’s production possibilities curve....

A: Production possibility frontier is a curve which shows a possible combination of two goods that can ...

Q: Assume that a bank has on its asset side reserves of 1000 and loans of 6000 and on itsliability side...

A: Following are the values. Reserves = 1000 Loan = 6000 Deposits = 7000 Required reserve ratio = 10%

Q: 3. Suppose the demand is given by the following function: Q = 2000 - 250*P. At what price per item o...

A: Below is the given value:Demand function, Q=2000-250P

Q: If the incremental federal income tax rate is 34% and the incremental state income tax rate is 6%, w...

A: Given, Federal income tax = 34%  Incremental state income tax rate = 6%  Effect combined income tax ...

Q: Consider a couple's decision about how many children to have. Assume that over a lifetime a couple h...

A: The income effect is a variation  on the  consumption because of the price change and after that con...

Q: Economics Question

A: The answer to the question is as follows :

Q: 11. Suppose Sam sells apples, picked from his apple tree, in a competitive market. Assume all apples...

A: Hi! Thank you for the question but as per the guidelines, we answer only up to 3  subparts. Kindly r...

Q: Explain the Harrod-Domar Growth Model in-depth.

A: Economic growth is a persistent increase in output or per capita output. According to the Harrod-Dom...

Q: Government purchases in national income accounts would include expenditures for payments of:   Mu...

A: National Income:The monetary value of all the goods and services that are produced in a domestic cou...

Q: Do you agree with each of the following statements? Explain why or why not.a. The problem with U.S. ...

A: a. The statement that the problem with U.S. agriculture is that there are too many farmers is agreea...

Q: (c) Lara offers 100 autograph bats. If each is priced at p dollars, it is that the demand curve dq d...

A:   Meaning of Price Elasticity of Demand: The term price elasticity of demand refers to the extension...

Q: How does Henry George’s proposal for a single tax on land relate to the elasticity of the supply of ...

A: Georgism is a single tax movement that advocates an equitable distribution of the economic rent gene...

Q: Explain how each of the following situations would affect a nation's production possibilities curve....

A: A Production possibility frontier (PPF) curve shows the different possible combination of two goods ...

Q: Assume that a bank has on its asset side reserves of 1000 and loans of 6000 and on itsliability side...

A: The bank has the reserve in asset side = 1000 The value of loan on the asset side = 6000 The value o...

Q: Compare the elasticity of the monopolistic competitor’s demand with that of a pure competitor and a ...

A: Being the only seller in the market, a monopolist holds the entire market dominance as there are no ...

Q: What is the difference between deterministic and random variations in the pattern of demands? Provid...

A: Demand pattern is a concept in supply chain management to predict the market demand in future and el...

Q: Suppose you buy both shoes and chocolates. If your budget is Rs 10000 the price of shoes is Rs 2000 ...

A: Given, Budget= M= Rs. 10,000 Price of shoes = Ps = Rs. 2000 Price of chocolate = Pc = Rs. 100 a) Usi...