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- 64. What does it mean when a currency is "fractionally backed"? Banks have many more claims outstanding against them than they have reserves available to pay those claims. The currency is partially backed by the nation's supply of gold. Banks maintain a fixed fraction of their outstanding deposits as cash deposits with the central bank. All paper currency is convertible to gold. A bank's currency is fractionally backed by its supply of gold.A6) Critically discuss the danger posed by the fiat monetary system and the fractional reserve banking system. Your focus should be directed on the impact of the fiat monetary system and the role of bank in the credit-based economy that trigger economic instabilityMonetary policy can only be effectively designed and implemented in economies that have a fractional reserve banking system. (a) Explain what is meant by a fractional reserve banking system; (b) Using a fractional reserve requirement of 1/5 explain how “new” money will be multiplied in the economy; and (c) Explain how the fractional reserve is monitored and maintained.
- Drawing on theoretical arguments and empirical research, explain in detail the efficacy of the negative interest rate policy (NIRP) that has been undertaken by certain central banks. Also evaluate whether such a policy would have any adverse effect on the banking sector.Explain the role of the banking system in the effective implementation of the monetary policyDescribe in detail the measures of money supply used by Reserve Bank of India
- Discuss factors that determine the demand and supply of money in the financial systemWhat is the main purpose of the Federal Reserve Bank's regulatory oversight of banks? to maximize economic growth to ensure compliance with all state, federal, and international laws to minimize macroeconomic fluctuations to minimize unemployment to ensure the stability of the banking systemFORUM DESCRIPTION IS CRYPTOCURRENCY MONEY, WILL IT INSTRUCTION: You are required to post an original comment and also respond to at least two other comments to agree/clarify/disagree BECOME MONEY, & WHAT MAY BE THE EFFECT OF CENTRAL BANK DIGITAL CURRENCY ON PRIVATE CRYPTOS? In your post, give us one reason, based on definition of money, for or against adopting cryptocurrency as money, exactly like the dollar. Also, given that we do not use cryptocurrency to pay for grocery in almost all countries and territories, give two key reasons why it has not been widely accepted as money. What is the effect of central bank cryptocurrency (like digital dollar or Yuan) on your previous answer?
- 19. Which of the following instruments is not used by the Federal Reserve to change the money supply? the discount rate (b) the required reserve ratio (c) the federal tax code (d) open market operationsThe initial condition of the banking system is as follows: $500 billion in reserve, $4,500 billion in loans and investments, and 5,000 billion in deposits. The required reserve is 10%. The Fed buys $100 billion government securities using open market operation, and lowers the reserve requirement to 5%. The banking system converts 85% excess reserves to loans, but borrowers return only 65% of these funds to the banking system as deposits. What is the maximum amount of loans in the banking system as a result of such Fed operation?After reviewing and understanding the functions of the Federal Reserve, would you agree that many countries have a very similar setup to control their money supply? How are the Bank of Japan, Bank of England, and US Federal Reserve similar? How much of an impact does the housing industry have on the overall economy in the United States? How many different businesses are involved in furnishing a home?