This topic contains a solution. Click here to go to the answer

Author Question: If a bank's deposits at the Fed increase by 10 million, then A) both the bank's liabilities and ... (Read 103 times)

future617RT

  • Hero Member
  • *****
  • Posts: 543
If a bank's deposits at the Fed increase by 10 million, then
 
  A) both the bank's liabilities and the Fed's liabilities increase by 10 million.
  B) the bank's assets increase by 10 million, but there is no change at the Fed since it does not really have assets or liabilities.
  C) the bank's assets increase by 10 million and the Fed's liabilities increase by 10 million.
  D) both the bank's assets and the Fed's assets increase by 10 million.

Question 2

If the interest rate is 4 percent, how much interest would the retiree earn the first year if she opted for the lump sum payment, and chose to invest the entire payment at this interest rate?
 
  A) 1,400 B) 20,000 C) 55,000 D) 235,000



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

ErinKing

  • Sr. Member
  • ****
  • Posts: 362
Answer to Question 1

C

Answer to Question 2

B




future617RT

  • Member
  • Posts: 543
Reply 2 on: Jun 30, 2018
Wow, this really help


flexer1n1

  • Member
  • Posts: 373
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

 

Did you know?

To maintain good kidney function, you should drink at least 3 quarts of water daily. Water dilutes urine and helps prevent concentrations of salts and minerals that can lead to kidney stone formation. Chronic dehydration is a major contributor to the development of kidney stones.

Did you know?

The familiar sounds of your heart are made by the heart's valves as they open and close.

Did you know?

Although puberty usually occurs in the early teenage years, the world's youngest parents were two Chinese children who had their first baby when they were 8 and 9 years of age.

Did you know?

About 600,000 particles of skin are shed every hour by each human. If you live to age 70 years, you have shed 105 pounds of dead skin.

Did you know?

Medications that are definitely not safe to take when breastfeeding include radioactive drugs, antimetabolites, some cancer (chemotherapy) agents, bromocriptine, ergotamine, methotrexate, and cyclosporine.

For a complete list of videos, visit our video library