If R = 25%, actual reserves are $450 and checkable deposits are $1,800, then the monetary multiplier is ____, required reserves are $____, excess reser
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If R = 25%, actual reserves are $450 and checkable deposits are $1,800, then the monetary
multiplier is ____,
system could potentially expand the money supply by $____.
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- it required reserve ratio (RRR) is 25%, the money multiplier isOne limitation of using money as a store of value is that: a) money needs to be divisible and portable b) money loses value over time due to inflation c) money is not readily acceptable everywhere in return for goods and services d) money is not very liquidCalculate the Required Reserves given the following information. rr = .11 Total Deposits: $7200 Total Reserves: $3500 Instructions: Whole numbers only. No margin for error
- Suppose Southeast Mutual Bank, Walls Fergo Bank, and PJMorton Bank all have zero excess reserves. The required reserve ratio is presently set at 5%. Sean, a Southeast Mutual Bank customer, deposits $200,000 into his checking account at the local branch.Change in Required Reserves(Dollars)Find the required reserve if the excess reserve is $600 and the actual reserve is $100Find the new deposit when the required reserve ratio is 20% and the initial change in the volume of deposit is 1000
- When a banking system hold some excess reserves to anticipate withdrawals or some uncertainties, and the public held some cash at home rather than depositing it in a bank, the money multiplier will be: a)equals to: 1 divided by the required reserve ratio b)more than: 1 divided by the required reserve ratio c)less than: 1 divided by the required reserve ratio d)none of the above Gold-backed money: a)uses more gold resources than does the commodity money such as gold coins b)has no intrinsic value but the value is guaranteed that it can be converted into gold at certain price c) is a way to provide the functions of money without tying up its value to gold d)none of the aboveif the required reserve ratio is 2 percent then the simple deposit multiplier is Enter a whole numberJohn deposits $3,000 into his checking account. If the reserve ratio is 15%, what are the required and excess reserves? Required reserves: $ Excess reserves: $ keep a portion of it and lend out the rest. keep every penny as vault cash since it is such a small amount. lend out every penny since almost all transactions are digital.
- a) Suppose that Tk.10,000 in new taka bills (never seen before) falls magically from the sky into your hands. What are the minimum increase and the maximum increase in the money supply that may result? Assume the required reserve ratio is 10 percent.b) Suppose you receive Tk. 10,000 from your grandmother and deposits the money in a saving account. your grandmother gave you the money by writing a check on her saving account. Would the maximum increase in the money supply still be what you found it to be in part a) where you received the money from the sky? Why or why not?c) Suppose that instead you getting Tk. 10,000 from the sky or a check through your grandmother, you get the money from your mother who had buried it in a can in her backyard. In this case, would the maximum increase in the money supply be what you found it to be in part a)? Why or why not?a) Suppose that Tk.10,000 in new taka bills (never seen before) falls magically from the sky into your hands. What are the minimum increase and the maximum increase in the money supply that may result? Assume the required reserve ratio is 10 percent.b) Suppose you receive Tk. 10,000 from your grandmother and deposits the money in a saving account. your grandmother gave you the money by writing a check on her saving account. Would the maximum increase in the money supply still be what you found it to be in part a) where you received the money from the sky? Why or why not? c) Suppose that instead you getting Tk. 10,000 from the sky or a check through your grandmother, you get the money from your mother who had buried it in a can in her backyard. In this case, would the maximum ncrease in the money supply be what you found it to be in part a)? Why or why not?Most people in the country of Classica tend to keep $3 out of every $100 of their cash holdings in their wallets. The central bank has instructed the commercial banks to also hold 4% of all bank deposits as reserves. Calculate the extended money multiplier Extended Money Multiplier = (1+C/D) / (R/D+C/D) (1+0.03) / (0.04+0.03) = 14.71 The extended money multiplier is 14.71 Suppose that in 2018 customers deposit $4,000 into their bank accounts. Based on the extended money multiplier calculated in part (i), calculate the total amount which the money supply in the banking system will eventually increase to. Show all steps involved in the calculation.
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