ECONOMICS EC101 Outline and Describe the functions of money

| June 14, 2018

1) Outline and Describe the functions of money2) Distinguish between commodity money and fiat money3) Suppose the Required Reserve Ratio is10% and there is a deposit in the banking system of $2000. Calculate the following :a) Deposit multiplierb)Required Reserves c) Excess Reserves(the amount of loans that can be made)4) Discuss the general functions of the central bank5) Suppose the Reserves bank buys bonds, what would happen to the supply in the economy?6)”Interest rates affect credit conditions “discuss this statement with respect to consumption,investment and capital inflows

Order your essay today and save 30% with the discount code: ESSAYHELP
Order your essay today and save 30% with the discount code: ESSAYHELPOrder Now