Question
In: Economics
Which of the following statements is not correct? (It's not the last one I tried that...
Which of the following statements is not correct? (It's not the last one I tried that one already)
Excess reserves are the amount by which actual reserves exceed desired reserves.
Chartered bank reserves are an asset to chartered banks but a liability to the Bank of Canada.
The supply of money decreases when the Bank of Canada buys government securities from households or businesses.
Chartered banks increase the supply of money when they purchase government bonds from households or businesses.
Part 2:
Suppose that Serendipity Bank has excess cash reserves of $8,000
and demand deposits of $150,000.
If the desired reserve ratio is 10 percent, what is the size of the
bank's actual cash reserves?
Part 3:
Which of the following is correct?
An expansionary monetary policy will cause the dollar to depreciate and will decrease Canadian net exports.
An expansionary monetary policy will cause the dollar to depreciate and will increase Canadian net exports.
An expansionary monetary policy will cause the dollar to appreciate and will decrease Canadian net exports.
An expansionary monetary policy will cause the dollar to appreciate and will increase Canadian net exports.
Part 4:
Suppose the price level and value of the dollar in Year 1 are 1
and $1, respectively.
Instructions: Round your answers to two decimal
places.
a. If the price level rises to 1.15 in Year 2,
what is the new value of the dollar?
Solutions
Rahul Sunny answered 3 years agoRelated Solutions
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