ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN: 9780190931919
Author: NEWNAN
Publisher: Oxford University Press
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- The principal reason(s) that so much U.S. currency is held outside the U.S is (are). banks all around the world find it convenient to hold large amounts of U.S. dollars U.S. citizens and corporations spend a lot of dollars abroad many people around the world trust the U.S. dollar more than any other currency all of the above none of the abovearrow_forwardCurrency is different from money in that currency______ A)is a note representing the worth of actual money B) is universally the same everywhere cannot be C)duplicated or counterfeit D) is not a means of paymentarrow_forwardImagearrow_forward
- please solvearrow_forwardFractional Banking allows A) banks to make loans. B) businesses to loan to individuals. C) ndividuals to borrow from the Fed. D) banks to borrow from the Fedarrow_forwardWhat are bank reserves? a.Deposits that are held in the form of gold reserves b.The fraction of deposits kept as currency that are not used for lending purposes c.The value of the owner’s equity in the bank d.The value of investments a bank keeps in excess of the value of deposits e.The sum of all loans a bank makes to borrowersarrow_forward
- Topic: Banks and the Economy For an economy to thrive, there must be a strong banking system. If the banks fail and must be bailed out, it will have an effect on the economy. If people lose faith in the safety and security of financial institutions, what will happen to the U.S. economy? Please use at least 100 words in your response.arrow_forwardWhich of the following could not be used as commodity money A. Gold coins B. Camel cigarettes C. U.S. currency D. Cornarrow_forwardAnswer questions 1-4 about Nigeria's macroeconomy (Nigeria's currency): Currency in Circulation (October 2020) 40.5 billion nigerian currency Reserves (October 2020) 34.2 billion nigerian currency M1 (October 2020) 2,465.9 billion nigerian currency M2 (October 2020) 2,638.8 billion nigerian currency Calculate the size of the monetary base in October 2020. one decimal place. Calculate the size of demand (checking) deposits in October 2020. Round your answer to one decimal place. Calculate the size of savings deposits in October 2020. Round your answer to one decimal place.arrow_forward
- Note:- Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism. Answer completely. You will get up vote for sure.arrow_forwardi got it wrong, please tell me the right answerarrow_forward129.) Currency (C) = 800 Reserves (R) = 400 Deposits (D) = 1600 What is the value of the reserve-deposit ratio? 0.2 0.25 0.4 0.5arrow_forward
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