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- Find the required reserve if the excess reserve is $600 and the actual reserve is $100Find the new deposits when the required reserve ratio is 20% and the initial change in the volume of deposit is 1000!!!If the reserve ratio was 15% and someone deposited an additional $40,000, what would be the maximum increase in total deposits over time? $6000 $40,000 $60,000 $266,667 $600,000
- one method to spend more money is to deduct an amount automatically from your salary in a direct deposit system true or falseSuppose Southeast Mutual Bank, Walls Fergo Bank, and PJMorton Bank all have zero excess reserves. The required reserve ratio is presently set at 5%. Sean, a Southeast Mutual Bank customer, deposits $200,000 into his checking account at the local branch.Change in Required Reserves(Dollars)John deposits $1,800 into his checking account. If the reserve ratio is 10%, what are the required and excess reserves? Required reserves: $[ Excess reserve erves: $
- Please answer all of part C And confirm over part A and BExplain why this following statement is true or false? a) Saving deposits, Money market mutual fund, Small time deposits are included in M1 and smaller than M2.Your rich uncle left you $10,000 in his will, but with a requirement that you invest the money into retirement savings. Your brother suggests a Roth IRA, but your sister suggests a Traditional IRA. Explain which one you should choose and why. Be sure to give a definition of IRA in your response.
- Research and identify two cryptocurrencies, how they have evolved in recent years and how might you expect them to evolve further in the future. Discuss whether these means of “payment” fully fulfil all three functions of “money.” (Your answer should be 600 words ±10%)Example scenarios of five forms of moneyYour merchant fee is 2%. Your customers paid you $120,000 through credit cards. What fee must you pay the credit card company? 2$ $ [?]