On may 31, money corporation's cash account showed a balance of $16,000 before the bank reconciliation was prepared. after examining the may bank statement and items included with it, the company's accountant found the following items: checks outstanding$2,950 deposits outstanding $2,500 nsf check $240 service charges $80 error: money corp. wrote a check for $80 but recorded it incorrectly for $800. what is the amount of cash that should be reported in the company's balance sheet as of may 31?

Explain whether each of the following events increases or decreases the money supply. a. the fed buys bonds in open-market operations. b. the fed reduces the reserve requirement. c. the fed increases the interest rate it pays on reserves. d. citibank repays a loan it had previously taken from the fed. e. after a rash of pickpocketing, people decide to hold less currency. f. fearful of bank runs, bankers decide to hold more excess reserves. g. the fomc increases its target for the federal funds rate.