If the Treasury prints a 100 dollar banknote which has a unit cost of $0.15 or 15 cents, seigniorage – profit to the Treasury - is $85. True ☐ False ☐ Defend your answer:
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4. If the Treasury prints a 100 dollar banknote which has a unit cost of $0.15 or 15 cents, seigniorage – profit to the Treasury - is $85. True ☐ False ☐ Defend your answer:
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- n a short period of temporary insanity, Jerome Powell, Chairman of the Fed, dons a Santa Claus suit the day after Thanksgiving and stuffs a toy bag full of brand new, never before circulated crisp $100 bills. He rents a helicopter and instructs the pilot to fly as low as possible over the streets of Washington, D.C. Hanging out the side of the helicopter, he slowly dumps the bag containing a total of $100 million to the cheering crowds gathering below. He simply yells “Happy Black Friday shopping to all and to all a rich night!” Holding all else equal, answer the following questions: a. If reserve requirements for depository institutions are set at 5%, what would you expect the maximum possible change in the size of the money supply to be? What factors could prevent that full maximum change from occurring?Explain why you would be more or less willing to buy ahouse under the following circumstances:a. You just inherited $100,000.b. Real estate commissions fall from 6% of the salesprice to 5% of the sales price.c. You expect Microsoft stock to double in value next year.d. Prices in the stock market become more volatile.e. You expect housing prices to fall.The Thomas Supply Company Incorporated is a distributor of gas-powered generators. As with any business, the length of time customers take to pay their invoices is important. Listed below, arranged from smallest to largest, is the time, in days, for a sample of the Thomas Supply Company Incorporated invoices. Use Excel 13 13 13 20 26 28 28 33 34 34 35 35 36 37 38 41 41 41 42 45 46 47 48 51 53 55 56 62 67 82 (Round your answers to 2 decimal places.) a. Determine the first and third quartiles. b. Determine the second decile and the eighth decile. c. Determine the 67th percentile.
- Clean L/C doesn't require financial documents such as bills. if the following explanation (or expression) is correct, please indicate "True". Or, if the following explanation (orexpression) is wrong, please indicate “False”.1) John is operating an internation business in the United Stateds of American and is focused on the limitation or short-term impact of an issue. It can be said that John has a ............. 2) The grestest good for the greatest number of persons is known as the ............... approach. 3) this theorgy states that a country's wealth was deternmined by the amount of its gold and silver holding. It is ...........?Explain why you would be more or less willing to buygold under the following circumstances:a. Gold again becomes acceptable as a medium ofexchange.b. Prices in the gold market become more volatile.c. You expect inflation to rise, and gold prices tend tomove with the aggregate price level.d. You expect interest rates to rise.
- Review the discussion of pitfallsin economic thinking in this chapter. Then identify the fallacy, ormistake in thinking, in each of the following statement: Gold sells for $400 per ounce. Therefore, the US governement could sell all of the gold in Fort Knox at $400 per ounce and eliminate the national debt.1.Money is a means of lowering the transaction costs of making exchanges. Do you agree or disagree? Explain your answer.Yes, SANParks can refuse to take your cash, says the Reserve BankAt the start of September, South African National Parks (SANParks) will stop accepting cash payments at the entrances, and inside, some of its parks, a policy to be implemented across every national park during 2023.And that is quite alright, says the SA Reserve Bank, as custodian of the rules intended to manage the currency.SanParks announced its roadmap for going cash free – both for the convenience of visitors and for reasons of safety – on Wednesday. The impact of the above decisions by SANParks will have its impact on…a) …the M1 measure of money.b) …the M2 measure of money.c) …the M3 measure of money.d) …the number of notes and coins in circulation in the economy.
- Question 8 True or False. A living will is a document that is ambulatory until the death of the decedent and then it describes how the decedent's property should be distributed. True False Question 9 Donald puts a lot of money into a bucket and gives Bernie a power of appointment over the money in the bucket. Bernie has the power to distribute that money only to himself, his creditors, his estate, or his estate's creditors. What is the correct name for his power of appointment? It is a/an: General power of appointment Limited power of appointment Question 10 True or False. The spousal consent rules for the annual exclusion require the non-donor spouse to consent to all gifts made by the donor spouse in that year; he or she cannot select which gifts he or she will join and which he or she will not. True FalseDuring the recession of 2008, it was suggested that some banks were “too big to fail” (TBTF). Under this premise, a large bank or financial institution that engages in illegal activity may not be severely punished or have its officials charged with criminal activity. Why?9 In the underwater city of Atlantis, clamshells are seen as a valid form of money. If a person from Atlantis were to magically appear in America and attempt to use their clamshells to a make a purchase, would they be able to? Why or why not? ECONOMIC QUESTION
