The total value of the quarters and dimes in a coin bank is $6.45. If the quarters were dimes and the dimes were quarters, the total value of the coins would be $7.20. Find the number of quarters in the bank. quarters

Q: Question 41 Refer to the following table to answer this question Checking Deposits Currency…

A: M2 refers to the money supply which includes M1 , savings deposits, money market funds, and…

Q: Assets Liabilities Building and furniture $50,000 $50,000 Building and furniture Deposits Deposits…

A:

Q: 26. Explain why the barter system has high transaction costs compared to the money system.

A: The barter system refers to the system where goods are exchanged for goods while under money system,…

Q: What are the THREE basic functions of money? as a commodity as a store of value as a barrier to…

A: Money - It is a legal tender accepted as payment for goods and services. It is accepted for…

Q: The economy of Quarterville currently has a level of M1 equal to $49,000. If there are $38,000 worth…

A: Money supply is made up of M1, M2 ,M3 and M4.( Complete money that is in circulation in an economy.)…

Q: What is the primary function of money. Explain in detail . No plagiarism allowed. Thankyou

A: Money is the medium of exchange between the buyers or sellers such that buyers buy the commodity and…

Q: How do we measure the amount of money in an economy?

A: In macroeconomics, money is important as it is used to carry daily transactions and for making…

Q: Identify whether each of the following examples belongs in M1 or M2. If an example belongs in both,…

A: The M1 and M2 are two different measures of the supply of money in the economy. The M1 is the narrow…

Q: An advantage that money has over other assets is that it:   a. Provides a higher return to the owner…

A: Money functions as 1) unit of account 2) medium of exchange 3) store of value 4)  payments to be…

Q: A primary feature of money is that it serves as barter value intrinsic value commodity value a…

A: In an economy, money performs various task according to the requirement of the people when making…

Q: money is a concept has a certain value at a point in time.

A: Money is the concept that money you have in present is worth more than the identical sum in the…

Q: Assume the following data describe the condition of the banking system: Checking deposits $800B Cash…

A: Answer; a. M2 = $ 1900B   b. Required Reserve = $180B   c. M2 will increase by amount =…

Q: Transactions money is sometimes referred to as

A: Transaction money is the amount of money people hold to conduct the day to day transactions like…

Q: Consider the following data: savings deposits = $900 billion, currency (held outside banks) = $453…

A: Money supply is all the currency and other liquid instruments in a country's economy. The various…

Q: Stephanie deposits $500,000 in Bank of America. Assuming that banks lend out everything that they…

A: Total Deposit = $500,000Required Eeserve = 14%Intrest rate = 2%

Q: The economy of Quarterville currently has a level of M1 equal to $49.000. If there are $38,000 worth…

A: Savings deposits = $38000 Moneny market funds = $89000 Time deposits = $32000 M1 = $49000

Q: A person has the following items on their balance sheet: • Student loan $10,000 • Car $8,000 •…

A:

Q: Describe bank runs. Why did they happen and what happened as a result?

A: In the banking sector, different terms are used to depict specific conditions of the banks.

Q: In many casinos ,a person buys chips to use for gambling.Within the casino 'swalls, customers often…

A: ANS The four primary functions of money are: Medium of exchange A standard of account Store of…

Q: The given table indicates the transactions for one teller for one day. Letting C represent​ "cashing…

A: The value of P(C′|D′) can be calculated by using the following formula.

Q: Calculate Total Potential Deposit Creation given the following information. rrr = .12 Total…

A: Given Information Reserav ratio(rrr) = 0.12 Total Deposit = $6300Toal Reserve = $5500

Q: The following table shows the money supply for country SODA in the year 2018. Items USD Million…

A: There are four measure of money supply, which are M1, M2, M3 and M4. All are aligned according to…

Q: Use a diagram to describe the structure of a bank bill.

A: Bank, an institution that deals in cash and its substitutes and provides alternative services…

Q: Identify the largest 5 banks in the United stated.

A: United States is one the most developed countries of the world. There are many large banks in the…

Q: Mira deposited $10,000 in a saving account at “B" bank on September 2018. On November 2018 she…

A: M1 = Checking account + Currency = 9000 + 1000 = 10000 M2 = M1 + Saving account = 10000 + 0 = 10000…

Q: The value of M3 is $17,000 and the value of net time deposit with banks is $9,000 Find the value of…

A: According to the above given question, the values given are:- M3 = $17,000 Net time deposit with…

Q: Assume that the amount of money deposited in a bank is proportional to the square of the interest…

A: Given:  The amount of money = M Rate of interest = i ki2 = M k is a constant Bank can reinvest at…

Q: When you hold your wealth in money (M1) form, the main purpose is to: O all of these are correct. O…

A: M1: It includes very liquid cash, traveler's cheque, demand deposits.

Q: This means that money is something which can be kept for long periods without deterioration or…

A: In economics, money is defined as a commodity which generally and widely accepted as a medium of…

Q: One reason why cryptocurrency is not considered money by many is that it is not considered to be a…

A: A cryptocurrency is a digital or simulated currency protected by encryption, making counterfeiting…

Q: Money is "created" when a depositor gets cash from the bank's ATM a bank accepts deposits…

A: Money is the common medium of exchange which is generally accepted in the whole country and backed…

Q: To say an asset is liquid implies that: a. We are only considering U.S. currency b. We are…

A: Assets are any valuable objects that a person hold which the person can use to pay its debts and…

Q: In 2014, the net worth of a bank was $750$⁢750 billion, and the value of customers' deposits was…

A: Whatever money a bank has either in the forms of equities or even deposits of all kinds, can be…

Q: The number of _____ is down nearly 6,000 from just a few years ago, due in large part to changing…

A: Thrift Institution Thrift institution generally called the financial institution the majority of the…

Q: True or False. John agrees that “more money in the richest hands means money sitting in the bank…

A: More money in the richest hands means money sitting in the bank doing nothing. Let us understand the…

Q: The Island Nation of Murlonio prints its own currency called the Mariano. Use the data below to…

A: M2 = M1 + saving deposits + certificate of Deposits and time deposits  + money market funds +…

Q: How many banks failures occurred in the United States during 2017

A: (1.) How many banks failures occurred in the United States during 2017? Definition- What is a bank…

Q: All of the following are examples of savings vehicles EXCEPT Savings account Money Market Account…

A: Individuals receive income for various services provided by them in the production of goods and…

Q: The money aggregate M2 includes: Answer a. Stock and bond mutual fund shares b. Large denomination…

A: In today's complex economic structure, there are various components that together define the…

Q: Numeric question Joey Espinoza has $1,000 in cash, he deposits the total amount in LegionBanc.…

A: Answer: Given, Initial cash deposit by Joey Espinoza = $1,000 Reserve requirement = 10%…

Q: Money Supply in Torania: Currency $13,000 Money Market Mutual Funds $87000 Checkable Deposits…

A: Given values:

Q: If $2,000 is withdrawn from the bank by a customer, the bank's     Assets and liabilities decrease…

A: A bank is a type of financial institution that is permitted to accept deposits and provide loans.…

Q: Commodity money is a form of currency in which the value of the currency comes from the material of…

A: Commodity value is the value of money which comes from commodity it's made of. Example : Gold and…

Q: Money is not a good store of value when the average price is falling. True or False

A: The store of value function of money enables people to transfer purchasing from the present to the…

Q: The money stock includes all of the following EXCEPTa. metal coins.b. paper currency.c. lines of…

A: Money stock(MS) or money supply constitute the total money in circulation. Metal coins and paper…

Q: (1.12) Bitcoins as a Store of Value. Bitcoins are a new form of electronic, privately issued money…

A: Any object that preserves purchasing power in the future and can be easily swapped for something…