(Answered) Suppose that to finance its credit policy the fed pays an

Economics

Suppose that to finance its credit policy, the Fed pays an annual interest rate of 0.25% on bank reserves. During the course of the current year, banks hold $1.4 trillion in reserves.

What is the total amount of interest the Fed pays banks during the year?

View complete question

Business Economics, Economics

Category:- Business Economics
Reference No.:- M92240623
Price:- $10

Verified Expert

Priced at $20 Now at $10, Verified Solution

Have any Question?Write your Review or question?

Related Questions in Business Economics

If the cost of vacation is 938444 what would be the annual

If the cost of vacation is $9,384.44, What would be the annual compound interest rate that would let their saving account accumulate to meet their vacation costs?

A cartel is branch of an oligopoly there are still a

A cartel is branch of an oligopoly. There are still a handful of large firms and many smaller firms. For instance, the diamond industry and the petroleum industries are examples are oligopolies. However, the main differe ...

1 suppose that the total benefit and total cost from a

1. Suppose that the total benefit and total cost from a continuous activity are, respectively, given by the following equations: B(Q) = 100 + 36Q - 4Q2 and C(Q) = 80 + 12Q. [Note: MB(Q) = 36 - 8Q and MC(Q) = 12.] a. Writ ...

At a large university the probability that a student take

At a large university, the probability that a student take calculus and is on the dean's list is 0.048. The probability that a student is on the dean's list is 0.29. Find the probability that the student is taking calcul ...

Consider a country that has been producing a lot of oil and

Consider a country that has been producing a lot of oil and suppose that from one year to the next its oil wells run out. The country will be poorer than previously. According to the two definitions above, is it in a rec ...

Test the following hypotheses of the difference in

Test the following hypotheses of the difference in population means by using the following data (α = .10) H0: µ1- µ2=0, Ha: µ1- µ2 Sample 1 : X=51.3 σ2=52 n=31; Sample 2: X=53.2 σ2=60 n=32 Use the critical value method t ...

What is the current balance of trade for the united states

What is the current balance of trade for the United States? Has this balance been increasing or decreasing? Based on the current economic conditions, how do you think this balance will move in the near future, and why?

If two samples a and b had the same mean and sample size

If two samples A and B had the same mean and sample size, but sample A had a larger standard deviation, which sample would have the wider 95% confidence interval?

Complete parts a and b using the probability distribution

Complete parts (a) and (b) using the probability distribution below. The number of overtime hours worked in one week per employee Overtime hours 0 1 2 3 4 5 6 Probability 0.016 0.063 0.178 0.283 0.220 0.173 0.067 Find t ...

According to the polk company a survey of households using

According to the Polk Company, a survey of households using the Internet in buying or leasing cars reported that 81% were seeking information about prices. In addition, 44% were seeking information about products offered ...

4,153,160 Questions Asked
13,132 Experts
2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Recent Questions

Ask Business Economics Expert