Question
11. Suppose you decide to withdraw 1000 cedis from your current account and use it to uybank certificate of deposit (CD), Briefly explain how this
11. Suppose you decide to withdraw 1000 cedis from your current account and use it to uybank certificate of deposit (CD), Briefly explain how this will affect M1 and M212. Suppose you have 2000 in currency in your closet in your bedroom. One day you decide to deposit the money in a current account. Briefly explain how this will affect M1 and M213. State the immediate effect of each of the following actions on Ml and M2:a. Jon writes his plumber a cheque for 300. The plumber takes the cheque to the bank keeps 100 cedis in cash, and deposits the remainder in his savings account.b. Susanna withdraws 100 in cash from her savings account.C. Juliana deposits the 1000 from her CD in a current account .10.Briefly explain weather each of the following is counted in M1a. The coins in your pocketb. The funds in your curent accountC. The funds in your savings accountd. Your GCB MasterCard2. In a pure barter withJ goods for exchange, how many possible exchange ratiosarethere? Given that j= 3200, find the possible exchange ratios available.7. Describe the narrow and broad measures of money supply8 Give the main difference between the MI and M2 definitions of the money supply-Discuss the definitions of the money supply used in Ghana
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