Homework Help: Econ assistance

Posted by Anonymous on Friday, May 11, 2007 at 12:51pm.

- Distinguish M1, M2, and M3. What are near monies?

- If you deposit a 20,000 dollar check into a checking account and your bank has a three percent reserve requirement, by houw much will the bank's excess rise? Consider the money multiplier. What is the maximum increase in money supply?

I already assessed the first question from my previous post. Although I would appreciate some assistance on the second and third one. No matter what I research the questions myself all I'm really looking for is a point in the right direction, just looking to save time.

Thanks

see my earlier post.

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