To increase tax revenue, the us government in 1932 imposed a 2 cent tax on checks written on bank account deposits (in today's dollars, this tax would amount to about 34 cents per check.)
a. how do you think the check tax affected the currency-deposit ratio? explain
b. use the model of the money supply under fractional-reserve banking to discuss how this tax affected the money supply
c. many economist believe that a falling money supply was in part responsible for the severity of the great depression of the 1930s. from this perspective, was the check tax a good policy to implement in the middle of the great depression?
Answers: 1
Other questions on the subject: Business
Business, 21.06.2019 15:00, superbatman9193
The media specialist suggests a library reading program that will correlate highly with the teaching program and reward the students as they read. the rewards will be provided by the business community. a pencil carrier will be the reward for having read 25 books, a baseball cap the reward for having read 30 books, a tee shirt for 50 books, and a backpack for having read 100 books. the media specialist's suggestion is based on her knowledge that:
Answers: 1
Business, 22.06.2019 01:00, fatty18
In order to gauge public opinion about how to handle iran's growing nuclear program, a research group surveyed 1010 americans by telephone and asked them to rate the threat iran's nuclear program poses to the world on a scale of 1 to 10. describe the population, sample, population parameters, and sample statistics. identify the population in the given problem. choose the correct answer below.
Answers: 2
Business, 22.06.2019 16:10, ilovemusicandreading
The brs corporation makes collections on sales according to the following schedule: 30% in month of sale 66% in month following sale 4% in second month following sale the following sales have been budgeted: sales april $ 130,000 may $ 150,000 june $ 140,000 budgeted cash collections in june would be:
Answers: 1
Business, 22.06.2019 16:30, emmmssss21
Bernard made a gift of $500,000 to his brother in 2014. due to bernard’s prior taxable gifts he paid $200,000 of gift tax. when bernard died in 2019, the applicable gift tax credit had increased. at bernard’s death, what amount related to the $500,000 gift to his brother is included in his gross estate?
Answers: 3
You know the right answer?
To increase tax revenue, the us government in 1932 imposed a 2 cent tax on checks written on bank ac...
Questions in other subjects:
Mathematics, 02.04.2021 04:50
Mathematics, 02.04.2021 04:50
