Checking account card to withdraw

Assignment Help Macroeconomics
Reference no: EM131049406

Assume that Jimmy Cash has $3,100 in his checking account at Folsom Bank and uses his checking account card to withdraw $310 of cash from the bank's ATM machine.

Instructions: Enter your answer as a whole number.

By what dollar amount did the M1 money supply change as a result of this single, isolated transaction?

Reference no: EM131049406

Questions Cloud

Compute the risk-weighted assets : What is the largest single deposit outflow can the bank comfortably handle, using only primary and secondary reserves? Note that even after this outflow the bank should have sufficient required reserves. Find it to the nearest whole dollar. Comput..
Planning for success project planning : Projects have many dependencies, any of which could become points of failure. Without the cooperation or input from even one vital resource, a project may fail to meet its objectives. Effective project planning helps project managers think through..
What important lupus data features in building the tree : This problem illustrates the classification approach by using decision trees and the Lupus data. What are the most important three Lupus data features in building the tree
The systems development life cycle : The systems development life cycle (SDLC) provides a structured problem-solving software development methodology. What works for information system-related problems, however, also works for many business problems, too. The SDLC provides a framewor..
Checking account card to withdraw : Assume that Jimmy Cash has $3,100 in his checking account at Folsom Bank and uses his checking account card to withdraw $310 of cash from the bank's ATM machine.
Information systems development life cycle : Pick a business task you would like to computerize. How could you use the steps of the information systems development life cycle as illustrated in Figure 12.3 to help you? Use examples to illustrate your answer.
Down for the natural monopoly : What should the role of the government in terms of the Internet taxation and Internet content? Based on which of the roles of government? The Internet Taxation issue is that if you buy products from online sellers than you may not pay sales taxes,..
Company profits and business : Can you explain what operating margins (Op margins) are and what they have to do with a company's profits and business?
Refer to the real world case on westjet : Refer to the Real World Case on WestJet, JetBlue, and Others in the chapter. In general, is it a good idea for companies to make major software upgrades public beforehand?

Reviews

Write a Review

Macroeconomics Questions & Answers

  Discuss pros and cons of forced population control

Some people have suggested that forced population control is an efficient means of decreasing the Tragedy of Commons associated with our clean air and water resources.

  Use the following data the imf world economic outlook

use the following data. the imf world economic outlook reports the following unemployment ratesregion 2007 2009united

  Provide examples of reverse logistics system

Give an personal example of a reverse logistics system you have experienced as a consumer. Were you satisfied with cycle time of process and what steps did the company take to guarantee your satisfaction.

  Processes of transportation economics

Explain how the processes of transportation economics play a major role in transportation decisions of the organization. Describe how the supply chain of this company contributions to customer service levels.

  List and describe two positive externalities

List and describe two positive externalities and two negative externalities the copy Center is associated with in society. Select a business in your community with which you are familiar and describe the positive or negative externalities the ..

  Optimal consumption bundle to maximize utility

The table below shows the marginal utility a costumer would get by purchasing various quantities-What combination of the three products should be purchased in order to maximize utility?

  How will the quantity demanded respond to intervention

What is the equilibrium price and equilibrium quantity - find the Total Revenue of the farmers and what is the size of the import quota that would have the same impact on trade

  Perfectly competitive industry

1. A firm operates in a perfectly competitive industry. Suppose it has a short run total cost function given by TC= 42000 +0.001q^2. If the market price is 15, what is the firm's profit-maximizing quantity?

  Problem set 1 let the quantity demanded and quantity

problem set 1. let the quantity demanded and quantity supplied of hotdogs be qd 200 - 40 p andnbspnbspnbspnbsp qs20

  What is the excel formula for modified accelerated cost

what is the excel formula for modified accelerated cost recovery system macrs depreciation?initial cost 12000salvage

  What would happen to the interest rate

If the Fed didn't change the money supply, what would happen to the interest rate and if the Fed wanted to keep the interest rate constant following this money demand shock, how would it change the money supply?

  Discuss the comparative advantage of your selected region

Discuss the comparative advantage(s) of your selected regional trading blocs. Identify the major risks associated with doing business in the selected trading blocs.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd