Suppose in an economy, the currency in circulation is $5,000, the vault cash is $500, the checkdeposit is $10,000, the required reserve ratio is $10%, and the deposit of commercial banks atthe federal reserve is $1,000.1. calculate what is amount of the money supply? 2. calculate what is the amount of the money base? 3. calculate what is the amount of the required reserve and what is the amount of the excessreserve?

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Uknow what i love about i ask a dumb question it is immediately answered but when i ask a real question it take like an hour to get answered

Reynolds corp. factors $400,000 of accounts receivable with mateer finance corporation on a without recourse basis on july 1, 2015. the receivables records are transferred to mateer finance, which will receive the collections. mateer finance assesses a finance charge of 1 ½ percent of the amount of accounts receivable and retains an amount equal to 4% of accounts receivable to cover sales discounts, returns, and allowances. the transaction is to be recorded as a sale. required: a. prepare the journal entry on july 1, 2015, for reynolds corp. to record the sale of receivables without recourse. b. prepare the journal entry on july 1, 2015, for mateer finance corporation to record the purchase of receivables without recourse— think through this. c. explain the difference between sale of receivables with recourse as oppose to without recourse.