Suppose that in 2020, for every $10 of disposable income, households put $9 in deposits with a bank and keep $1 as cash. Banks keep twice as much reserves as households keep for themselves in cash. Suppose that in 2021, retail stores no longer accept cash and instead only accept credit cards and peer-to-peer payment systems such as Venmo/Zelle. In response, consumers realize it is no longer useful to carry cash around, so no household does. As a result, banks decide it is best to hold more reserves, and now only loan out 70% of their liabilities. Assume there are no other financial capital or assets. The money multiplier in 2020 is:

Tiana daniels enterprise’s trial balance as at december 31, 2016 did not balance. on february 15, 2017 the following errors were detected: errorsi. water rates had been undercast by $2, 000.  ii. a cheque paid to yvonne walch of $2, 680 had been posted to the credit side of her account.  iii. discount received total of $1, 260 had been posted to the debit side of the discount allowed account as $1, 620.  iv. rent paid in the amount of $24, 000 had been posted to the credit of the rent received account.  v. wayne returned goods valuing $1, 680 to daniels enterprise but had been completely omitted from the books.    required: 1. prepare the journal entries to correct the errors.  (narrations required)                    14.5 marks  2.    prepare the suspense account showing clearly the original trial balance error.          8 marks

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By 2020, automobile market analysts expect that the demand for electric autos will increase as buyers become more familiar with the technology. however, the costs of producing electric autos may increase because of higher costs for inputs (e.g., rare earth elements), or they may decrease as the manufacturers learn better assembly methods (i.e., learning by doing). what is the expected impact of these changes on the equilibrium price and quantity for electric autos?