How much has total m1 in the country changed

Reference no: EM13733260

Let's assume that Jon has $1,000 in currency that he has been carrying around. Jon decides this is unsafe and deposits the full $1000 into his checking account at The River Bank. By how much has total M1 in the country changed by this transaction alone?

The River Bank (marketing slogan: "we specialize in liquidity")
.	Assets		Liabilities and Capital
.	Deposits at The Fed	$40,000	Checkable Deposits	$500,000
.	Cash on Hand (Vault cash)	$10,000	Securities Sold/Issued	$10,000
.	Securities Owned	$150,000	Net Capital	$10,000
.	Loans	$300,000
.	Other Long-term Assets	$20,000
.	Total Reserves On Hand:
.	Required Reserves:
.	Excess Reserves:

Reference no: EM13733260

Questions Cloud

Write a summary of the netflix case study : Read the Netflix Case Study in Case Study section of the text - Write a summary of the case study. Be sure to define entrepreneurs

Comprehensive outsourcing decisions : When a company successfully makes use of outsourcing agreements time and again, its decision-making process is probably worth emulating. Smiths Medical is one such company that assesses potential outsourcing partners with a checklist that communic..

Risk management and quality improvement activities : Depict how the EMR is useful in the risk management and quality improvement activities.

What is the richest province in europe : What is the richest province in Europe? Who controls it? Who was Rosamund? What reasons does the King of France have to dislike Henry II?

How much has total m1 in the country changed : By how much has total M1 in the country changed by this transaction alone?

Global supply chain productivity and synergy goals : Global supply chain productivity and synergy goals. Describe the critical success factors for organizational collaboration.

Find the first-order condition for the period-2 : Do anticipated changes in m (that is, changes that are expected as of when rigid-price firms set their prices) affect y and Find the first-order condition for the period-2 policymaker's choice of G2 given D.

How does gandhi provide specific examples of failed cultures : What values does Gandhi prize for a culture? How does Gandhi provide specific examples of failed cultures as he praises the virtues of an independent Indian nation?

Different performance appraisal methods : Describe two different performance appraisal methods. What performance appraisal tool do you find to be the most effective? Why do you feel this way?

User Account

All Pages