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This Christmas, you decide to buy your true love a partridge in a pear tree. After consulting with several garden centers, you make your purchase by writing a check for $150. The garden center promptly deposits your check in its bank.
A-Using T-account, show the effect of this transaction on your bank and on the garden center's bank(after your check is processed and cleared by the federal reserve).
B-What happens yo your bank's reserves?To the reserves of the garden center's bank?
C-Assuming the reserve requirement is 10% and your bank is not holding excess reservers, what is the level of excess reserves in your bank after the transaction?
D-List four possible methods your bank can use to remedy its reserve deficiency.
For the past four years, Armonco Manufacturing has been offering a three-year limited warranty on all appliances it manufactures. Although all appliances are given a unique serial number when manufactured, until this year Armonco had no capability
By analogy with household indifference curves, a short run isoprofit curve for a firm can be defined as the set of all combinations of wage rate and labor hired that yield a positive profit, so that for the short-run profit function f = P.f(L,K') ..
Suppose that the demand for labor in an economy is Ld = 100 10W, where W = wage in dollars per hour and L = number of workers. The labor supply of native workers is 50 million, and it is perfectly inelastic. Suppose that this economy experiences a..
A consumer, D Carroll, spends all of his income on 2 goods X and Y. The 2 goods are both normal but are not complementary. The price of good X is reduced but the price of good Y is unchanged. The consumer continues to spend all of his income on th..
The accounting and marketing departments have provided you with the following information about the per-unit costs and demand for Type A bolts: Materials and labor are obtained in a competitive market on an as-needed basis
Computer Products Corp. sells peripheral equipment used by both private businesses and the government. Due to a recession, Computer Product's sales have declined by 100,000 units and it now has 200,000 units of excess capacity.
For the first time in two years, Big G (the cereal division of General Mills) raised cereal prices by 2 percent. If, as a result of this price increase, the volume of all cereal sold by Big G dropped by 3 percent, what can you infer about the own ..
What is the algebraic equation for this curve d) Now suppose I1 increases to 1100 and I2 decreases to 900. How would the market demand curve shift How would the individual demand curves shift
Which country has a comparative advantage in production of caps In wheat c. If the US and Russia were the only two countries engaging in trade, what adjustments would you predict, assuming exchange rates are freely determined by the laws of supply..
Given at the period 1950-1973 Labor Growth = 1.35, Capital Growth = 3.83, Potential GDP growth = 4.02 Share of Labors = .7, US Population = 152, US population in the end of the year = 212 What share of potential GDP per capita in each period is expla..
An insurance company wants to estimate the mean score on this exam for students who have enrolled in a special study program. They take a sample of 8 students in this program and determine that their scores are: 2, 5, 8, 8, 7, 6, 5, and 7. This sa..
a. Draw the demand and supply curves, before and after the tax. b. What will be the CS, PS, tax revenues and deadweight loss c. Suppose the government increases the tax to $4 per unit. What will be the new CS, PS, tax revenues and deadweight loss.
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