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1、Chapter12/MoneyandtheBankingSystemChapter12MoneyandtheBankingSystemTestYourself1.Supposebankskeepnoexcessreservesandnoindividualsorfirmsholdontocash.Ifsomeonesuddenlydiscovers$12millioninburiedtreasureanddepositsitinabank,explainwhatwillhappentothemoneysupplyiftherequiredreservera
2、tiois10percent.Underthoseconditions,themoneymultiplieris1/.10,or10,soaninfusionof$12millionintoreserveswillsupportanincreaseinmoneyof$120million.2.HowwouldyouranswertoTestYourselfQuestion1differifthereserveratiowere25percent?Ifthereserveratiowere100percent?Withareserveratioof25per
3、cent,themoneymultiplieris1/.25,or4;themoneysupplywouldriseby$48million.Withareserveratioof100percent,themoneymultiplieris1/1,or1;themoneysupplywouldriseby$12million.3.UsetablessuchasTables2and3toillustratewhathappenstobankbalancesheetswheneachofthefollowingtransactionsoccurs:a.You
4、withdraw$100fromyourcheckingaccounttobuyconcerttickets.b.Samfindsa$100billonthesidewalkanddepositsitintohischeckingaccount.c.MaryQ.Contrarywithdraws$500incashfromheraccountatHometownBank,carriesittothecity,anddepositsitintoheraccountatBigCityBank.4.Foreachofthetransactionslistedin
5、TestYourselfQuestion3,whatwillbetheultimateeffectonthemoneysupplyiftherequiredreserveratioisone-eighth(12.5percent)?Assumethattheoversimplifiedmoneymultiplierformulaapplies.a.Inquestion3(a),thereisnoinitialeffectonthemoneysupply,sincedepositsof$100arereplacedwithcashincirculation.
6、Howeverthebankisnowdeficientinreservesby$87.50,soeventuallythemoneysupplywillfallby8timesthis,or$700.©2016CengageLearning.AllRightsReserved.Maynotbecopied,scanned,orduplicated,inwholeorinpart,exceptforuseaspermittedinalicensedistributedwithacertainproductorserviceorotherwiseonapas
7、sword-protectedwebsiteforclassroomuse.Chapter12/MoneyandtheBankingSystemb.Similarlyin3(b),thereisnoinitialchangeinthemoneysupply,buttherearenowexcessreservesof$87.50,soeventuallythemoneysupplywillriseby$700.c.Thereisnochangeforthebankingsystemasawhole;neitherreservesnordepositshav
8、echanged.DiscussionQuestions1.Ifo
