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please show work for figure 1 questions, thank you. 6. Included on the FOMC is: a. the secretary of the treasury d. all of the

please show work for figure 1 questions, thank you. image text in transcribed
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6. Included on the FOMC is: a. the secretary of the treasury d. all of the above b. the comptroller of the currency e. none of the above c. the president of Freddie Mac 7. Evidence supporting that markets are efficient include: a. the January effect d. all of the above b. the small firm effect e. none of the above c. the inability of stock pickers to consistently beat the market 8. In figure 1, the bank in figure 1 can make an additional loan of at most: a. $20,000 d. $500,000 b. $80,000 e. none of the above c. $100,000 9. If people hold no cash, banks hold no excess reserves and the bank in figure i is the only bank, the it will expand deposits to: a. $100,000 d. $500,000 b. $180,000 e. none of the above c. $400,000 10. If people hold no cash, banks hold no excess reserves and the bank in figure 1 is the only bank, the it will hold required reserves of: a. $100,000 d. $1,000,000 b. $180,000 e. none of the above c. $500,000 Figure 1 Liabilities Assets $80,000 (excess reserves) $20,000 (required reserves) $100,000 (deposit)

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