Considering that the Philippine Peso merely fiat money, and considering that we are affected by the global economic crisis brought about by COVID 19 pandemic, why can't the Philippine Government just print money through the Banko Sentral ng Pilipinas so Filipinos could increase their wealth?
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- At the end of 2021, the Federal Reserve took an inventory of its foreign currency reserves. Since the previous year, the following had changed: How much did NCO change during this time period? Round to two (2) decimal places Currency (+/-) Change (millions) Yen 44.08 Yuan -9.78 US Dollars -45.15 Rupees 62.63 Riyals 66.59 Pesos 91.19 Shekels -92.54Assume that the quantity theory of money and relative PPP both hold. Output growth is 3% in the U.S. and 2% in Mexico, while money supply growth is 7% in the U.S. Money demand is constant in both countries. What money supply growth rate should Mexico choose if it wishes to fix the value of its currency to the U.S. dollar?Consider two countries, Hitech and Lotech . In Hitech new arrangements for making payments, such as credit cards and ATMs, have been enthusiastically adopted by the population, thereby reducing the proportion of income that is held as real money balances. Over this period no such changes occurred in Lotech . If the rate of money growth and the growth rate of real GDP were the same in Hitech and Lotech over this period, then how would the rate of inflation differ between the two countries? Carefully explain your answer.
- Suppose an individual plays a gambling game where it is possible to lose $1.00, break even, win $3.00, or win $5.00 each time she plays. Complete the Statement: In the long run, the player can expect to In the long run, the player can expect to win Blank 1 (win or lose?) Blank 2(Express your answer in two decimal places. Do not include the currency symbol for your answers) for playing the game.What is the fundamental difference between commodity money and fiat currency? commodity money has no intrinsic value, fiat is gold based commodity and fiat money are synonymous terms so long as they consistute the medium of exchange commodity money has intrinsic value, fiat does not commodity money requires governance institutions, fiat does notEconomics After falling in half from 1947 to the 1970s (around 10 percent to 5 percent), the share of currency in circulation - also called "cash" - has been relatively stable. It's actually been increasing since the Financial Crisis, but this is probably due to the United States shipping more currency to foreign countries who want to hold and use dollars. In any case, many people find the fact that cash hasn't disappeared in the electronic era with a lot of new forms of payment (like prepaid cards, Venmo/Zelle, etc.). What do you think are the most important reasons why cash is still being held and used today?
- The Agricolan monetary base is 1 000 000 florins The public always The Agricolan monetary base is 1,000,000 florins. The public always holds half its money supply as currency and half as deposits. Banks hold 20% of deposits in the form of reserves. Starting with the initial creation of a monetary base that accompanies the purchase by the central bank of 1,000,000 fl worth of coconuts from the public, show the consolidated balance sheet of the banks after they first receive deposits, after a first round of loans and redeposits, and after a second round of loans and redeposits. (Don’t forget that the public keeps only half its money in the form of bank deposits.) Show the balance sheets of the central bank, the banking system, and the public at the end of the process of multiple expansion of loans and deposits. What is the final value of the money supply? The Agricolan monetary base is 1 000 000 florins The public always1. Below is the list of internal factors in macroeconomy except a. Inflation rate b. Gross domestic product c. Interest rate d. Exchange rate 2. Following is a monetary variable except a. Interest rate b. Money supply c. Exxhange rate d. Gross Domestic Product 3. Money demand and money supply can influence which item in the income statement. a. Interest expenses b. Expenditure c. Gross profit d. Net income 4. Inflation can cause bribery. Bribery will increase a. Cost of doing business b. Unemployment c. Wastage d. Productivity 5. Inflation can influence the following except a. Tax b. Interest expenses c. Advertisement cost d. Cost of good soldWhich statement is incorrect? a. Central banks often consider adjusting a currency's value to influence economic conditions. b. If the Central Bank of the Philippines wishes to stimulate the economy, it could weaken the Philippine peso. c. A weaker peso could cause inflation in the Philippines by reducing foreign competition. d. The Philippines government exercises indirect intervention when the central bank influences the factors that determine the value of peso. e. none of the above
- After Grand Nagus Zek hands the throne to Rom to be head of the FerengiAlliance, Rom decides that a more prudent move would be to switch from a commidity based currency (gold pressed latinum) to the Oo-Max, which is a fiat currency. He sets the initial money supply at 2 trillion Oo-Max, and to ensure some degree of monetary stability, wants to let the Ferengi Central Bank aim for a target growth rate of 2% per year. He wants to let the money growth over time subject to the following money supply functionMt = M0eµtwhere Mt is the money supply after t years, M0 is the initial stock of money, ex is the exponential function, µ is the growth rate of money, and t is the number of years after the initial stock of money is set. What is the money supply after 5 years?After Grand Nagus Zek hands the throne to Rom to be head of the FerengiAlliance, Rom decides that a more prudent move would be to switch from a commidity based currency (gold pressed latinum) to the Oo-Max, which is a fiat currency. He sets the initial money supply at 2 trillion Oo-Max, and to ensure some degree of monetary stability, wants to let the Ferengi Central Bank aim for a target growth rate of 2% per year. He wants to let the money growth over time subject to the following money supply functionMt = M0eµtwhere Mt is the money supply after t years, M0 is the initial stock of money, ex is the exponential function, µ is the growth rate of money, and t is the number of years after the initial stock of money is set. (b) what is the money supply after 8 years (c)Suppose in the 9th year, the Ferengi Alliance runs into an inflation problem, and they can’t keep it under control. Money growth rises from 2% to 10%. What is the money stock two years after the value you get in part (b) of…Consider the following extract and answer the questions that follow. El Salvador Becomes the First Country To Adopt Bitcoin As Official Currency After the COVID-19 pandemic, the few remaining limitations to the digital world seem to have disappeared, including the conquest of cryptocurrencies. The definitive step seems to have been El Salvador's decision to transform Bitcoin into the official currency, being the first country in the world to do so. However, as evolved as President Nayib Bukele's decision seemed to be, the reality of bringing the heaviest digital currency into the real world seems destined for chaos. In announcing his move, Bukele claimed that the digital currency would help Salvadorans save an estimated "$400 million," which the government estimates is spent annually on remittance fees, NBC News explained. The government made the Chivo digital wallet available to citizens, claiming it would be available on the App Store and Google Play shortly before noon local time on…
