What are some of the implications of the new currencies or forms of money (e.g. mobile money, cryptocurrencies, credit cards) on the conduct of monetary policy
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- The central bank in Jamaica decides to pursue an expansionary monetary policy. (i) Identify one possible action they could take. (ii) Carefully explain, in as much detail as possible, how the chosen action will impact the money market.The central bank of the Bahamas country decides to pursue an expansionary monetary policy. (i) Identify one possible action they could take. (ii) Carefully explain, in as much detail as possible, how the chosen action will impact the money market. (iii) Illustrate the overall impact of the chosen action on the money market.Question 26 What is the main purpose of monetary policies? reducing government spending in the economy controlling the supply of money in the economy C reducing government intervention in the economy controlling the production of goods in the economy ©2021 Illuminate Education TM, Inc.
- Learning Activity 9.3 Question 3 (a) What are the functions of money? (b) There were three tools discussed in this session that are used by central banks to affect the money supply. However, not all central bank uses all three. Find out what tools are used by the central bank in your region to affect the money supply(a) Given that: Total deposit as of August 2021 in Indonesia = USD 621.2 Billion Total currency in circulation as of August 2021 = USD 93.2 Billion Reserve required as of August 2021 = 2% Total Excess Reserve as of August 2021 = USD 53.2 million From the above information: (i) Calculate the monetary base (ii) Calculate the money multiplier. What will be the total money supply? (iii) Suppose that the Indonesia Central Bank targeted money supply to grow by 3% next year. Suggest any ONE (1) way to achieved the targeted money supply.Question 3 Part (a) Suppose that your bank's reserve ratio is 0.2 and you deposit $50,000 into the bank. Assume that the bank loans out the maximum amount it can, and people deposit all their money. What is the deposit multiplier? What is the total increase in deposits in the banking system? What is the change in the money supply? Part (b) Graph the demand for and supply of Australian dollars for British Pound. Suppose the Reserve Bank of Australia decides to follow an appropriate monetary policy to contain inflation. Show graphically and explain the effect of this policy on the demand and supply of dollars and the resulting change in the exchange rate of pounds for dollars.
- Question 5 what are the factors that determine money supply(c) Use the following table to explain the effect of monetary policy on money supply in different scenarios. Copy the table in your answer booklet. Change in Money Supply Multiplier (Increase or decrease) and by how much? Money Required Reserve Action You deposit £1000 in a 10% bank CB buys £80,000 bonds 50% CB sells £20,000 bonds 20%(b) Not all central bank uses all three. Find out what tools are used by the central bank in your region to affect the money supply
- Paying Interest on Reserves-Problem Solving Exercise 3 (Algo) The U.S. economy is experiencing a recession. In order to smooth the economy the Federal Reserve would like to adjust the interest rate it pays on reserves. If the Fed has a goal of increasing the money supply by $25 billion, what should the change in excess reserves be if the reserve requirement is 10%? Instructions: Enter your answer as a positive number rounded to two decimal places. Excess reserves will need to (Click to select) by $ billion.i. What are the necessary conditions for something to be considered money? Does Bitcoin satisfy these conditions? ii. What are the advantages and disadvantages of El Salvador adopting Bitcoin as legal tender? iii. What share of Salvadorans have access to the internet? How might that affect the use of Bitcoin as a currency? iv. The U.S. already has several ways to make digital transactions, for example, credit/debit cards, Venmo, Zelle, PayPal, and so on. How would a digital currency increase efficiency? v. Many early cryptocurrency investors have adopted a strategy known as HODL—Hold On for Dear Life. They believe that over time the value of cryptocurrencies, such as Bitcoin, will only continue to rise. If this is a dominant strategy among most investors, how does this affect cryptocurrencies’ ability to function as a currency?Question 10 Which of the following are true about money? There may be more than one answer. a) Your checking account is included in money supply. b) My pension fund is included in money supply. c) Bitcoins are part of money supply. d) The value of fiat money is determined by how expensive it was to print/mint it.