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Need help with questions 6 through 10. Thank you Use this protocol for your answers: Use a $ for all dollar values. Round off all
Need help with questions 6 through 10. Thank you
Use this protocol for your answers: Use a $ for all dollar values. Round off all dollar values to the nearest whole number. For negative numbers, put a "-" in front of the $ sign. Use a comma for all dollar values in excess of +$999. Express ratios with a "%" sign. Consider the following bank balance sheet (i.e., for a country with only one bank). The required reserve ratio is 12.5% and the currency ratio is 15%. All deposits are demand deposits. Use this information to answer the questions below. Liabilities $215,000 Deposits Assets Reserves RR Des. ER Undes. ER Loans $31,650 ??? $7,525 ??? $183,350 10 questions @ 1 point for 10 points total. 1. The level of currency in circulation is: 2. The level of the monetary base is: 3. The level of the M1 measure of the money supply is: 4. The desired excess reserve ratio, to one decimal place, is: 5. The level of required reserves is: 6. The level of undesired excess reserves is: 7. The money multiplier, m*, to 2 decimal places, is 8. To achieve equilibrium, the money supply will have to change by 9. At equilibrium, the level of the money supply will be 10. At equilibrium, level of undesired excess reserves will be [Write "positive" or "negative" or "zero" or "it cannot be determined" don't use any punctuation, no capitalization, no extra spaces.] Use this protocol for your answers: Use a $ for all dollar values. Round off all dollar values to the nearest whole number. For negative numbers, put a "-" in front of the $ sign. Use a comma for all dollar values in excess of +$999. Express ratios with a "%" sign. Consider the following bank balance sheet (i.e., for a country with only one bank). The required reserve ratio is 12.5% and the currency ratio is 15%. All deposits are demand deposits. Use this information to answer the questions below. Liabilities $215,000 Deposits Assets Reserves RR Des. ER Undes. ER Loans $31,650 ??? $7,525 ??? $183,350 10 questions @ 1 point for 10 points total. 1. The level of currency in circulation is: 2. The level of the monetary base is: 3. The level of the M1 measure of the money supply is: 4. The desired excess reserve ratio, to one decimal place, is: 5. The level of required reserves is: 6. The level of undesired excess reserves is: 7. The money multiplier, m*, to 2 decimal places, is 8. To achieve equilibrium, the money supply will have to change by 9. At equilibrium, the level of the money supply will be 10. At equilibrium, level of undesired excess reserves will be [Write "positive" or "negative" or "zero" or "it cannot be determined" don't use any punctuation, no capitalization, no extra spaces.]Step by Step Solution
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