South korea: bank reserves raised to rein in spending, the bank of korea raised the required reserve ratio to 7 percent from 5 percentlong dashthe first raise in almost 17 years. with higher required reserves, banks will have to cut the amount of loans they make. source: the new york times, november 24, 2006 required: assuming that the currency drain ratio is zero and that the desired reserve ratio equals the required reserve ratio, calculate the change in the money multiplier that results from the increase in korea's required reserve ratio. the money multiplier when the required reserve ratio is 5 percent equals nothing. the money multiplier when the required reserve ratio is 7 percent equals nothing.

You and your new australian bride matilda, are applying for a loan and are required to submit a balance sheet with your net worth. you own a 2008 toyota camry that you bought last month for $9,995. the kelly blue book value for this car is $13,995. you owe $8,150 on the car loan for the camry. you pay off your visa credit card every month and have not paid any credit card interest this year. the current visa credit card balance is $3,522, and the next statement is due in 15 days. you have a student loan balance of $6,500. you presently have $425 in your checking account and $1,540 in your savings account. you own 100 shares of ibm stock that you purchased for $85.50 per share. one share of ibm is now selling for $158.42. you own computers and other electronics that you purchased for $4,100 but could probably sell today on e-bay for $1,800. your gross income is $80,000 per year. what is your current net worth? (see wb ch. 2 example 2.3)

Which of the following characteristics are emphasized in the accounting for state and local government entities? i. revenues should be matched with expenditures to measure success or failure of the government entity. ii. there is an emphasis on expendability of resources to accomplish objectives. a. i only b. ii only c. i and ii d. neither i nor ii

During which of the following phases of the business cycle does the real gdp fall? a. trough b. expansion c. contraction d. peak