Increases in the prices of services due to improvement in its quality indicate a(n) _____. a....

Increases in the prices of services due to improvement in its quality indicate a(n) _____. a. decline in productivity. b. decline in real GDP. c. increase in output. d. decline in manufacturing output. e. increase in technological progress.

Suppose a bank has $850 million in vault cash and a deposit in the Fed of $100 million. If the bank’s required reserves equal $500 million, then the bank has excess reserves of: a. $100 million. b. $350 million. c. $400 million. d. $450 million. e. $500 million.

Assume that the yen price of one U.S. dollar rises to 80 yen and that the Bank of Japan has a target exchange rate of 75 yen per dollar. As a result, the Bank of Japan will intervene in the foreign exchange market by: a. selling U.S. dollars and buying yen. b. selling both U.S. dollars and yen. c. buying U.S. dollars and selling yen. d. buying both U.S. dollars and yen. e. buying U.S. Treasury securities.

Solutions

Expert Solution

Increases in the prices of services due to improvement in its quality indicate a(n) _____. d. decline in manufacturing output.

Reason: A decline in output will make the AC of improved quality service to increase, leading to an increase in the price of the services

Suppose a bank has $850 million in vault cash and a deposit in the Fed of $100 million. If the bank’s required reserves equal $500 million, then the bank has excess reserves of: d. $450 million

Reason: Excess reserves = Checkable deposits – Required reserves

Excess reserves = 100 + 850 – 500

Excess reserves = $450 million

Reason: Since the Bank of Japan wishes to increase the value of yen in dollar terms or appreciate the yen, it will either respond by buying yen or sell US dollars

Rahul Sunny answered 7 months ago

Next > < Previous

Related Solutions

15) Suppose that the supply of avocado increases due to an improvement in the technology for...

15) Suppose that the supply of avocado increases due to an improvement in the technology for growing avocado with less watering costs. Which of the following describes the mechanism of price and quantity adjustment assuming that there is no change in the demand curve? a. There is a downward pressure on prices and an increase in the equilibrium quantity. b. There is an upward pressure on prices and an increase equilibrium quantity. c. There is no change in equilibrium price...

The AMS technical services department has embarked on a quality improvement effort. Its first project relates...

The AMS technical services department has embarked on a quality improvement effort. Its first project relates to maintaining the target upload speed for its Internet service subscribers. Upload speeds are measured on a standard scale which the target value is 1.0. Data collected over the past year indicate that the upload speed is approximately normally distributed, with a mean of 1.005 and a standard deviation of 0.10. Each day, one upload speed is measured. The upload speed is considered acceptable...

MANAGING ASHLAND MULTI-COMM SERVICES The AMS technical services department has embarked on a quality improvement effort....

MANAGING ASHLAND MULTI-COMM SERVICES The AMS technical services department has embarked on a quality improvement effort. It’s first project relates to maintaining the target upload speed for its Internet service subscribers. Upload speeds are measured on a standard scale in which the target value is 1.0. Data collected over the past year indicate that the upload speed is approximately normally distributed, with a mean of 1.005 and a standard deviation of 0.10. Each day, one upload speed is measured. The...

When conducting healthcare services quality improvement initiatives, why it is important to integrate Structure, Process, and...

When conducting healthcare services quality improvement initiatives, why it is important to integrate Structure, Process, and Outcome quality assurance measures? Which of these measures will help you evaluate the impact of the quality initiative?

Prove mathematically that an improvement of a country’s terms of trade increases its real income. Why...

Prove mathematically that an improvement of a country’s terms of trade increases its real income. Why is this considered an important result? Explain

Continuing the quality improvement effort first described in the chapter 6 Managing Ashland Multicomms services case,...

Continuing the quality improvement effort first described in the chapter 6 Managing Ashland Multicomms services case, the target upload speed for AMS internet service subscribers has been monitored.As before, upload speeds are measured on a standard scale in which the target value is 1.0. Data collected over the past year indicate that the upload speeds are approximately normally distributed, with a mean of 1.005 and a standard deviation of 0.10. Each day, at 25 random times, the upload speed is...

Question