Homework Answers
Since Cash is a part of M1 and Saving deposits are part of M2.
Withdrawing 80 in cash from savings account increases M1 by 80 and M2 falls by 80.
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Maureen withdraws $80 in cash from her savings account. How are M1 and M2 affected? A....
Jane currently has $5,100 in her savings account and $2,000 in her checking account at the...
Jane currently has $5,100 in her savings account and $2,000 in her checking account at the local bank. Instructions: Use a positive number to represent an increase and a negative number to represent a decrease. a. Suppose she withdraws $350 in cash from her savings account. By what dollar amount does the country's money supply (M1 and M2) change as a result of Jane's actions? Change in M1: $____ Change in M2: $____ b. Now suppose instead that Jane withdraws...
Jane currently has $5,700 in her savings account and $2,000 in her checking account at the local bank. Instructions: Use a positive number to represent an increase and a negative number to represent a decrease. a. Suppose she withdraws $350 in cas
Jane currently has $5,700 in her savings account and $2,000 in her checking account at the local bank. Instructions: Use a positive number to represent an increase and a negative number to represent a decrease. a. Suppose she withdraws $350 in cash from her savings account. By what dollar amount does the country's money supply (M1 and M2) change as a result of Jane's actions?b. Now suppose instead that Jane withdraws $350 from her checking account and uses $190 of this money to pay her federal...
If Mrs. Ethridge moves $3,000 from her savings account into her checking account: M1 stays the...
If Mrs. Ethridge moves $3,000 from her savings account into her checking account: M1 stays the same, M2 decreases, and the system becomes less liquid. Ml increases, M2 decreases, and the system becomes more liquid. M1 increases, M2 stays the same, and the system becomes more liquid. Mlincreases, M2 increases, and the system becomes less liquid. M2 includes M1 plus all of the following except: savings deposits. money market accounts. U.S. Treasury Bonds small-denomination time deposits. Reserve requirement on commercial...
2. Multiple Choice Question #2 Sara withdraws $2,000 from her small time deposit account at Bank...
2. Multiple Choice Question #2 Sara withdraws $2,000 from her small time deposit account at Bank of America, keeps $400 in cash, and deposits the rest in her checking account at Citibank. What is the immediate change in M1 and M2? O M1 increases by $400 and M2 decreases by $400. O M1 and M2 increase by $2,000. O M1 increases by $2,000 and there is no change in M2. O M1 increases by $2,000 and M2 decreases by M2.
2. Monica transfers $10,000 from her savings account at the Bank of Alaska to her money...
2. Monica transfers $10,000 from her savings account at the Bank of Alaska to her money market fund. What is the immediate change in M1 and M2? Show your work. Formula Calculation Answer Question 3 0.17 pts 2. When Monica transfers $10,000 from her savings account to her money market account, the immediate change in M1 is: O M1 increases by $10,000. o M1 decreases by $10,000. O M1 only increases by $5,000 O M1 does not change.
MISTY WITHDRAWS 1000 FROM HER COVERDELL EDUCATION SAVINGS ACCOUNT FOR NONQUALIFIED EDUCATION EXPENSES. THE ACCOUNT VALUE...
MISTY WITHDRAWS 1000 FROM HER COVERDELL EDUCATION SAVINGS ACCOUNT FOR NONQUALIFIED EDUCATION EXPENSES. THE ACCOUNT VALUE BEFORE THE DISTRIBUTION WAS 5000. IN ADDITION SHE MADE 4 CONTRIBUTIONS OF 500 IN PRIOR YEARS. WHAT PORTION OF 1000 IS INCOME(INCLUDIBLE IN GROSS INCOME? 100 400 600 900
2) For each of the following think about whether the portion of assets the person has...
2) For each of the following think about whether the portion of assets the person has in both M1 and M2 is going up, down, or staying the same. Provide a brief explanation (i.e. for each part you should state what happens to M1 and what happens to M2). a) Emily withdraws funds from her checking account and deposits them into a money market mutual fund. b) Emilia withdraws funds from her checking account and uses them to buy shares...
A savings account would be considered what type of money supply? A. M1 B. M2 C....
A savings account would be considered what type of money supply? A. M1 B. M2 C. M3
2 Assume that Mary withdraws $1000 from her account at BankPlus. Using the appropriate T-accounts show...
2 Assume that Mary withdraws $1000 from her account at BankPlus. Using the appropriate T-accounts show the effects of this withdrawal under the following conditions: (10 pts) a) A cash withdrawal of $1000; (Show BankPlus' T-Account) b) Assume that Mary writes a $1000 check from her BankPlus checking account and deposits it in her account at Trustmark, show the effects on both banks' T-accounts Trustmark BankPlus
Incorrect Question 21 0/1 pts Lulu withdraws $100 cash from her deposit account at Mid First...
Incorrect Question 21 0/1 pts Lulu withdraws $100 cash from her deposit account at Mid First bank (Assume Mid First had the funds in excess reserve). The immediate result is M1_ and M2 o increases/decreases o increases/does not change O does not change/does not change O decreases/increases decreases/does not change
If Mrs. Ethridge moves $3,000 from her savings account into her checking account: M1 stays the same, M2 decreases, and the system becomes less liquid. Ml increases, M2 decreases, and the system becomes more liquid. M1 increases, M2 stays the same, and the system becomes more liquid. Mlincreases, M2 increases, and the system becomes less liquid. M2 includes M1 plus all of the following except: savings deposits. money market accounts. U.S. Treasury Bonds small-denomination time deposits. Reserve requirement on commercial...
2. Multiple Choice Question #2 Sara withdraws $2,000 from her small time deposit account at Bank of America, keeps $400 in cash, and deposits the rest in her checking account at Citibank. What is the immediate change in M1 and M2? O M1 increases by $400 and M2 decreases by $400. O M1 and M2 increase by $2,000. O M1 increases by $2,000 and there is no change in M2. O M1 increases by $2,000 and M2 decreases by M2.
2. Monica transfers $10,000 from her savings account at the Bank of Alaska to her money market fund. What is the immediate change in M1 and M2? Show your work. Formula Calculation Answer Question 3 0.17 pts 2. When Monica transfers $10,000 from her savings account to her money market account, the immediate change in M1 is: O M1 increases by $10,000. o M1 decreases by $10,000. O M1 only increases by $5,000 O M1 does not change.
A savings account would be considered what type of money supply? A. M1 B. M2 C. M3
2 Assume that Mary withdraws $1000 from her account at BankPlus. Using the appropriate T-accounts show the effects of this withdrawal under the following conditions: (10 pts) a) A cash withdrawal of $1000; (Show BankPlus' T-Account) b) Assume that Mary writes a $1000 check from her BankPlus checking account and deposits it in her account at Trustmark, show the effects on both banks' T-accounts Trustmark BankPlus
Incorrect Question 21 0/1 pts Lulu withdraws $100 cash from her deposit account at Mid First bank (Assume Mid First had the funds in excess reserve). The immediate result is M1_ and M2 o increases/decreases o increases/does not change O does not change/does not change O decreases/increases decreases/does not change
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