Business, 13.11.2019 05:31 ellie4678

South korea: bank reserves raised to rein in spending, the bank of korea raised the required reserve ratio to 7 percent from 5 percentlong dashthe first raise in almost 17 years. with higher required reserves, banks will have to cut the amount of loans they make. source: the new york times, november 24, 2006 required: assuming that the currency drain ratio is zero and that the desired reserve ratio equals the required reserve ratio, calculate the change in the money multiplier that results from the increase in korea's required reserve ratio. the money multiplier when the required reserve ratio is 5 percent equals nothing. the money multiplier when the required reserve ratio is 7 percent equals nothing.

Answers: 3

Show answers

Other questions on the subject: Business

Business, 21.06.2019 14:40, breannamartinez9486

Jansen company borrowed $12,000 on a 1-year, 5 percent note payable from the local bank on april 1. interest was paid quarterly, and the note was repaid one year from the time the money was borrowed. calculate the amount of cash payments jansen was required to make in each of the two calendar years that were affected by the note payable.

Answers: 2

continue

Business, 21.06.2019 19:50, Pookaapoo8832

Which of the following best describes the economic effect that results when the government increases interest rates and restricts the lending of money? a. borrowing money becomes more expensive and there is less investment in production. b. the economy grows as investments result in larger profits. c. government spending drives up prices because of greater competition for goods and services. d. consumers save more money and spend less buying goods and services.

Answers: 2

continue

Business, 22.06.2019 13:20, sailesd57

Last year, johnson mills had annual revenue of $37,800, cost of goods sold of $23,200, and administrative expenses of $6,300. the firm paid $700 in dividends and had a tax rate of 35 percent. the firm added $2,810 to retained earnings. the firm had no long-term debt. what was the depreciation expense?

Answers: 2

continue

Business, 22.06.2019 22:10, ggg509

Which of the following tends to result in a decrease in the selling price of houses in an area? a. an increase in the population of the city or town. b. an increase in the labor costs of construction. c. an increase in the income of new residents in the city or town. d. an increase in mortgage interest rates.

Answers: 1

continue

You know the right answer?

South korea: bank reserves raised to rein in spending, the bank of korea raised the required reserv...