Building and Grounds 2,000 square feet Cafeteria 8,000 square feet Operating Department A 20,000 square feet Operating Department B 30,000 square feet Budgeted costs in the Building and Grounds department total $34,800 for the year. Assuming the step-down method is used and Building and Grounds costs are allocated first, the amount of Building and Grounds costs allocated to the Cafeteria would be:

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.