Please use the balance sheet for ABC Bank to answer the question below. If the b
ID: 1097702 • Letter: P
Question
Please use the balance sheet for ABC Bank to answer the question below.
If the banking system has a required reserve ratio of 10 percent, then the money multiplier is:
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0.1.
0.9.
1.11.
10.0.
Please use the balance sheet for ABC Bank to answer the question below.
If the banking system has a required reserve ratio of 10 percent, ABC Bank would have excess reserves of:
Minimized View
$20,000.
$40,000.
$60,000.
$140,000.
Based on your completion of the following table, please answer the question below.
The % change in price for Laptops is:
Item
Unit Price Last Year
Unit Price This Year
% Change in Price
Item Weight
Inflation Impact
Shoes
$80
$87
0.30
Laptop
$1500
$1450
0.50
DVD
$16
$19
0.20
8.75%
3.33%
-3.33%
18.75%
Based on your completion of the following table, please answer the question below.
The % change in price for Shoes is:
Item
Unit Price Last Year
Unit Price This Year
% Change in Price
Item Weight
Inflation Impact
Shoes
$80
$87
0.30
Laptop
$1500
$1450
0.50
DVD
$16
$19
0.20
8.75%
3.33%
-3.33%
18.75%
Please use the balance sheet for ABC Bank to answer the question below.
If ABC Bank has a required reserve ratio of 15 percent, what amount of excess reserves does the bank have to hold?
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$30,000.
$40,000.
$50,000.
$80,000
Based on the following country data from the Economist, please answer the following question:
Which country is most likely facing deflation?
COUNTRY
GDP Growth Rate
Unemployment Rate
Inflation Rate
The United States
1.5%
7.9%
1.6%
Germany
0.4%
6.8%
2.1%
Japan
0.3%
4.2%
-0.1%
China
7.9%
2.6%
4.1%
Greece
-6.0%
27%
1.5%
Venezuela
5.5%
5.9%
22.2%
Source: The Economist, March, 2013
The United States.
Germany.
Japan.
Greece
Based on your completion of the following table, please answer the question below.
The inflation impact for Shoes is:
Item
Unit Price Last Year
Unit Price This Year
% Change in Price
Item Weight
Inflation Impact
Shoes
$80
$87
0.30
Laptop
$1500
$1450
0.50
DVD
$16
$19
0.20
2.625
3.750
1.667
-1.667
Please answer the question below pertaining to the unemployment data provided in the chart.
What is the number of unemployed in Year 1?
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90 million
94 million
106 million
4 million
The graph depicts 4 Lorenz curves (income distribution) for 4 countries. Based on this graph, please answer the following:
Which economy will have a GINI coefficient of zero?
Minimized View
A
B
C
D
Based on your completion of the following table, please answer the question below.
The % change in price for DVDs is:
Item
Unit Price Last Year
Unit Price This Year
% Change in Price
Item Weight
Inflation Impact
Shoes
$80
$87
0.30
Laptop
$1500
$1450
0.50
DVD
$16
$19
0.20
8.75%
3.33%
-3.33%
18.75%
The graph depicts 4 Lorenz curves (income distribution) for 4 countries. Based on this graph, please answer the following:
For which economy would the lowest 20 percent of families receive the smallest share of total income?
Minimized View
A
B
C
D
Based on your completion of the following table, please answer the question below.
The inflation impact for DVDs is:
Item
Unit Price Last Year
Unit Price This Year
% Change in Price
Item Weight
Inflation Impact
Shoes
$80
$87
0.30
Laptop
$1500
$1450
0.50
DVD
$16
$19
0.20
2.625
3.750
1.667
-1.667
The above graph depicts 4 Lorenz curves (income distribution) for 4 countries. Based on this graph, please answer the following:
If the income distribution for the United States is represented by curve C, which curve would most likely represent the income distribution for Sweden? Assume Sweden has a smaller GINI coefficient (more equal income distribution) than the United States but that Sweden
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Explanation / Answer
The image question cannot be solved. The rest of the answers are as follows:
The % change in price for Laptops is -3.33%
The % change in price for Shoes is 8.75%
Negative inflation is deflation. Thus the answer is Japan
The % change in price for DVD’s is 18.75%
The average inflation is 4.7%.