Fill This Form To Receive Instant Help

Help in Homework
trustpilot ratings
google ratings

Homework answers / question archive / A)Explain the four functions of money

A)Explain the four functions of money


A)Explain the four functions of money. (4 Marks)

1. (1 mark)

2. (1 mark)

3. (1 mark)

4. (1 mark)

B. The central bank in a country released the following statistics. Total deposits in banks amounted to $ 500 million, notes and coins outside banks reached $ 100 million and reserves of banks held at the central bank amounted to $50 million. Use these figures to calculate the following: (8 Marks)

1. Calculate the quantity of money (the money supply) (1 mark)

2. Calculate the monetary base (1 mark)

3. Calculate currency drain ratio (2 marks)

4. Calculate the reserve ratio (2 marks)

5. Calculate the money multiplier (2 marks)


Option 1

Low Cost Option
Download this past answer in few clicks

2.84 USD


Already member?

Option 2

Custom new solution created by our subject matter experts