public does not directly hold any cash. Also‚ suppose all banks hold excess reserves equal to 4% of deposits and the required reserve ratio is 5%. a. (5 pts.) Calculate the money multiplier. b. (5 pts.) What is the total money supply (or money stock)? c. (10 pts.) Bank of America (BOA) has $300 million in deposits and $10 million in net worth. Draw a balance sheet for BOA. Now suppose that all banks in the economy decide to reduce excess reserves to just 1%. d
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demand and supply of residential housing has affected the price and quantity for both buyers and sellers? There are many factors‚ which determine the answer to this question‚ and one of most important aspects of demand and supply of residential housing is pricing and quantity. Demand and supply plays a very important role in both the buyer and seller lives. A good seller would know his/her market. Buyers often offer properties that a seller can either accept or reject. Demand and supply of residential
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Name: Fawzi Attar 8/8/2013 PS4 Over the past 20 years‚ commercial influences on scientific research have become increasingly detrimental. Discuss. In the last two decades‚ the relationship between business and science has considerably changed. Before the emergence of biotechnology‚ business and science operated in largely separate spheres. The business world had little interest in expanding scientific knowledge‚ leaving research firmly within the domain of universities
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is the language that is studied by the highest percentage of European students‚ 60‚3%‚ with French at only 30‚4%‚ German at 5‚2 % and Spanish at 3.5%. A question that many people are asking is: why has English become the global language of today? David Crystal‚ a famous linguist‚ said: "It [English] is a language which has repeatedly found itself in the right place at the right time". This means that the reason for this dominance can probably be found in the history og the English-speaking countries
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Aggregate supply Aggregate supply curve showing the three ranges: Keynesian‚ Intermediate‚ and Classical. In economics‚ aggregate supply is the total supply of goods and services that firms in a national economy plan on selling during a specific time period. It is the total amount of goods and services that firms are willing to sell at a given price level in an economy. Analysis There are two main reasons why Qs might rise as P rises‚ i.e.‚ why the AS curve is upward sloping: Aggregate
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enrich my Drupal Gardens website which I had already made for the previous assignment for the final project. I choose Drupal Gardens rather than HTML5 because it is a very powerful and flexible open source social publishing system. It offers a wide range of functionalities and features creating and hosting beautiful‚ responsive and flexible social websites. From creating your own site templates and designs to customizing an existing theme or design from scratch‚ Drupal Gardens provides the much
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I) Give an example for each one of the four types of supply chain‚ and then determine which type your company is adopting. 1. Integrated Make to Stock In this model‚ supplier make products in advance of demand and holds them in finished goods inventory‚ satisfying demand from that inventory as orders come in. The customer has little direct involvement in deciding the product features. In this environment‚ suppliers manufacture the goods and sell from the finished goods inventory and so this strategy
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David Clarence McClelland (1917 March 27‚ 1998) was an American personality psychologist‚ social psychologist‚ and an advocate of quantitative history. McClelland earned his BA in 1938 at Wesleyan University‚ his MA in 1939 at the University of Missouri‚ and his Ph.D. in experimental psychology at Yale University in 1941. McClelland taught at the Connecticut College and Wesleyan University before accepting‚ in 1956‚ a position at Harvard University. After his 30-year tenure at Harvard he moved
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Oakland‚ John. "Woolf’s Kew Gardens." English Studies 68.3 (1987): 264-274 In the article "Virginia Woolf’s Kew Gardens" Oakland is trying to examine a short story that few people took the time to do. He says‚ "It is not an expression of meaningless life but‚ on the contrary‚ reveals a harmonious‚ organic optimism." (1) Since she chose to make it such a short piece of work‚ it fits perfectly with her style of writing. She doesn’t make the theme the subject matter‚ but instead‚ reveals it through
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through the maze. Although the Labyrinth appears to be an intellectual challenge‚ every turn is accompanied by an ethical dilemma as well. "The Garden of Forking Paths" is both an ethical and intellectual riddle. Consideration of Yu Tsun ’s intellectual choices must be accompanied by consideration of his ethical choices. The most terrifying aspect of the garden of forking paths is that the ending of the maze is never in sight. Often‚ we are aware of only the obvious consequences of taking any particular
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