Econ assistance

posted by .

- 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.

Respond to this Question

First Name
School Subject
Your Answer

Similar Questions

  1. Reserves-PLEASE HELP!

    The Norfolk Bank has $18,000 in excess reservces and the reserve ratio is 20 percent. Which level of checkable deposits and reserves might this bank hold?
  2. Pre-Algebra

    Solve the inequality for each solution. -Arnelle's checking account balance is -$49.00. How much money must she deposit to bring her account to a possitive balance?
  3. econ.

    If the reserve requirement is 20% and a bank doesn't have excess reserves, why would a $100 deposit lead to a greater than $100 increase in the money supply. because of the money multiplier. A $100 deposit (e.g., into a checking account) …
  4. Econ

    - Explain the statement" The most unlikely problem of the national debt is that the government will go bankrupt." - Consider the statement: "Our Grandchildren may not suffer the entire burden of a federal deficit." (What is this like …
  5. econ 181

    What isthe max amount of new loans that this bank can make?
  6. Macroeconomics

    If it looks like a bank won't meet the Federal Reserve Bank's reserve requirement, normally it will first turn to the: A) other member banks and borrow at the federal funds rate. B) Fed and borrow at the discount rate. C) open market …
  7. Business Finance

    On November 1, 2009, Broom Company received a bank statement that showed a $2950 balance. Broom showed a $4010 checking account balance. The bank didn't return check No. 124 for $1080 and ch for check No.138 for $720. A $3200 deposit …
  8. math

    On November 1,2009, Broom Company received a bank statement that showed a $2,950 balance. Broom showed a $4,010 checking account balance. The bank didn't return check No.124 for $1,080 and check No.138 for $720. A $3,200 deposit made …
  9. accounting

    On, April 1, 2015, Lester Company received a bank statement that showed a balance of $ 8,950. Lester showed a $8,000 checking account balance. The bank did not return check No. 115 for $750 or check No. 118 for $370.00. A $900.00 deposit …
  10. accounting

    Need advise in how to set up? On, April 1, 2015, Lester Company received a bank statement that showed a balance of $ 8,950. Lester showed a $8,000 checking account balance. The bank did not return check No. 115 for $750 or check No.

More Similar Questions