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- MC Qu. (34-148) (Algo) Refer to the accompanying table. The... Item Billions of Dollars Checkable Deposits $597 Small Time Deposits 818 Currency 639 Money-Market Mutual Funds Held by Businesses 1,045 Savings Deposits, Including Money-Market Deposit Accounts 2,766 Money-Market Mutual Funds Held by Individuals 979 Refer to the accompanying table. The size of the M2 money supply is Multiple Choice $5,799 billion. $3,033 billion. $4,820 billion. $6,844 billion.International Gold Standard (19th century): If different countries fix the price of their currencies e in terms of gold this immediately implies that e are fixed. If the Central Bank of two countries stand ready to buy and sell gold at a fixed price in terms of their respective domestic currencies, then there is only one value of e that eliminates the possibility of arbitrage. Suppose that S100 buys 1 ounce of gold and 100 pounds buys lounce of gold. Under fixed exchange rates, this implies that IS buys Ipound. Explains what would happen (arbitrageurs' action and result) if instead e-1S buys 2 pounds14
- (a). The required reserve ratio is 10%. If the Fed increases the amount of excess reserves in the banking system by $100,000,000, the maximum potential amount of additional money created in the economy will be dollars. (b). The required reserve ratio is 10%, but due to economic uncertainty, banks are holding an additional 2.5% of their deposits as excess reserves. If the Fed increases the amount of excess reserves in the banking system by $100,000,000 through an open market purchase, the maximum potential amount of additional money created in the economy will be dollars.B3B4Consider a bank that has made a large number of loans at a fixed interest rate of 4% and pays 3% interest to depositors. Assume that interest rates go up. New loans are now being made at 6% throughout the economy and depositors are being paid 5% interest. How does this change affect the bank's financial position? (1oint
- QUESTION 4 (25%) Suppose that in Region 12 (Federal Reserve Bank of San Francisco), the commercial banks in this region (e.g., Wells Fargo Bank, Redwood Credit Union, etc.) sell $40 billion in government bonds to the Fed through open market operations. Before this open market operations, the amount of money demanded and supplied was $125 billion at a real interest rate of 6%. After the government bonds are traded, the interest rate went down by 2%, and the amount of investment went up by $50 billion (from $20 billion to $70 billion). The actual real GDP is $1,200 billion, and the GDP gap is $200 billion in an economy with a marginal propensity to consume (MPC) of 0.75. After the commercial banks sell the bonds to the Fed, the total change in real GDP will bring the economy to the potential real GDP level (full-employment). a) What is the multiplier in this economy? At a 6% interest rate, is there either a recessionary output gap (negative GDP gap) or an inflationary output gap…Since the Fed has begun paying interest on bank reserves at the Fed, do barks still want to avoid holding excess reserves? Context: If lending was more profitable than the currently very low interest rate (formerly zero) that could be received from the Fed on excess reserves, we would still normally expect barks to lend out excess reserves rather than maintain them as excess reserves Judging from the fact that there has been a huge increase in holdings of excess reserves in the barking system, however, there may well be other constraints (such as Basel III) that may be limiting bank's willingness to lend out excess reserves.I only need Help with part (B)