Reference no: EM13184410
1) (Functions of Money) What are the three important functions of money? Define each of them.
2) Functions of Money) "If an economy had only two goods (both nondurable), there would be no need for money because exchange would always be between those two goods." What important function of money does this statement disregard?
3) (Monetary Aggregates) Calculate M1 and M2 using the following information:
Large-denomination time deposits$ 304 billion
Currency and coin held by nonbanking public438 billion
Checkable deposits509 billion
Small-denomination time deposits 198billion
Traveler's checks 18 billion
Savings deposits 326 billion
Money market mutual fund accounts637 billion
4) (Monetary Control) Suppose the money supply is currently $500 billion and the Fed wishes to increase it by $100 billion.
a. Given a required reserve ratio of 0.25, what should it do?
b. If it decided to change the money supply by changing the required reserve ratio, what change should it make?
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State a certain element consists of two stable isotopes
: A certain element consists of two stable isotopes. The first has atomic mass of 7.02 amu and a percent natural abundance of 92.6%.
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State the percent mass of cl in the organic compound
: A saturated gaseous organic molecule is formed by replacing all hydrogen atoms with an unknown combination of F, and Cl atoms. The percent mass of Cl in the organic compound
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When the company charges different prices in each market
: LA Market p = 50 - Q The company estimates its total cost function to be: TC = 40Q. Calculate the following: a. quantity, total revenue and profit when the company maximizes its profit and charges the same price in both markets. b. quantity, total re..
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State what is the molecular weight of the material
: After running the reaction for some time, we collect the product and find a total of 3.1 x 10-3moles of COOH groups. What is the molecular weight of the material? Extent of reaction?
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What important function of money does a statement disregard
: Functions of Money) "If an economy had only two goods (both nondurable), there would be no need for money because exchange would always be between those two goods." What important function of money does this statement disregard. Suppose the money ..
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Define what is the estimated temperature of the object
: What is the estimated temperature of the object using the above approximate prescription? what is the percent error?
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State what is the pressure of the gas
: If the barometric pressure is 741 mmHg, and if h = 53. 0 mm, what is the pressure of the gas, expressed in atm and in kilopascals, if the substance in the tube is mercury having a density of 13.6 g/mL.
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The vapor pressure of pure water in magnesium chloride
: A solution is prepared from 4.5729g of magnesium chloride and 43.244g of water. The vapor pressure of water above this solution is found to be 0.3628atm at 348.0 K. The vapor pressure of pure water at this temperature is 0.3804 atm.
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Calculate the total projected sales for the quarter
: Calculate the total projected sales for the quarter and At the local ice cream shop, there's a sign posted that reads, "If you don't receive a receipt, your next ice cream is free!" Is this an internal control procedure? If so, how does it work?
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