To increase tax revenue, the us government in 1932 imposed a 2 cent tax on checks written on bank account deposits (in today's dollars, this tax would amount to about 34 cents per check.)



a. How do you think the check tax affected the currency-deposit ratio? Explain



b. Use the model of the money supply under fractional-reserve banking to discuss how this tax affected the money supply



c. Many economist believe that a falling money supply was in part responsible for the severity of the great depression of the 1930s. From this perspective, was the check tax a good policy to implement in the middle of the great depression?

Answers

Answer 1

Answer:

A) by introducing the check tax, the government actually made the people use more cash and less checks in order to avoid paying the tax. This lead to an increase in the currency deposit ratio, which means that people have more cash and less money deposited in the banks.

B) since the currency deposit ration increased, banks had less money to borrow, which in turn decreased the money multiplier and the banks' ability to create money.

C) carrying out this policy was like engaging in a contractionary monetary policy which was a terrible idea. The government should have done the opposite and expand the money supply and the banks' ability to create money in order to boost economic growth.


Related Questions

major factors influencing economic growth​

Answers

Answer:

Some major factors:

Natural Resources

Physical Capital or Infrastructure

Population or Labor

Human Capital

Technology

Law

Poor Health & Low Levels of Education

Lack of Necessary Infrastructure

Explanation:

Answer:

Natural Resources

Physical Capital or Infrastructure

Population or Labor

Human Capital

Technology

Law

Poor Health & Low Levels of Education

Lack of Necessary Infrastructure

Explanation:

Which of the following is a difference between managing and leading?
A. Leading is what managers do in stressful situations, and
managing is what they do in calm situations.
B. Leading is the responsibility only of a company's executives, not
lower-level managers.
O C. Leading influences people, while managing is concerned only with
financial results.
a
D. Leading is just one of the functions managers are expected to
perform

Answers

Answer:

D

Explanation:

I just took the quiz

A difference between managing and leading is, Leading is just one of the functions managers are expected to perform. Thus the correct answer is D.

What is Leadership?

Leadership refers to skills to influence individuals and groups of people and provide them directly to achieve the shared objective of business by learning and development.

Management is considered as a technique that helps to get the work done by others by planning, organizing, and executing tasks in an aligned manner to achieve the goal of the busines.

Leading is a quality carried by the manager to get the work done from the employees wheras leaders just take care whether the task is completed accurately and encourage the potential of the employees.

Therefore, option D  Leading is just one of the functions managers are expected to perform is appropriate.

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Which statement best describes the introduction of an argumentative essay?

The introduction acquaints readers with the topic and sets up the ideas that will be presented.
The introduction establishes the focus of the essay and tells readers what the writer’s position will be.
The introduction ties the essay together and tells readers what they have learned and should take away.
The introduction fleshes out the argument and includes counterclaims and evidence from research.

Answers

The statement that most appropriately narrates an argumentative essay's introduction would be:

A). The introduction acquaints readers with the topic and sets up the ideas that will be presented.

The key characteristics of the introduction of an argumentative essay include:

1). Grab the interest and attention of the readers.

2). Offer contextual or background details of the topic.

3). Informing the reader about the topic, and the key claims and ideas(thesis statement) that are going to be presented throughout the essay.

Thus, the introduction of an 'argumentative essay' provides a basic idea about the topic and content of the essay and prepares their mindset accordingly.

Hence, option A is the correct answer.

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Answer:

A. The introduction acquaints readers with the topic and sets up the ideas that will be presented.

Explanation:

took the test ;)

WHAT DO YOU MEAN BY MARKET DEVELOPMENT ? EXPLAIN.​

Answers

Answer:

market development is a strategic step taken by a company to develop the existing market rather than looking for new market .The company looks for a new buyers to pitch the product to a different segment of consumers in an effort to increase sales.

PLEASE HELP!


the length of a cover letter should be concise, about __ to __ paragraphs.

A. 4;5
B. 1;2
C. 3;4
D. 2;3​

Answers

Answer:

C. 3;4

Explanation:

A cover letter is sent together with the resume to a potential employer. It details the job an applicant is applying for and their qualification for the position. The cover letter allows the applicant to elaborate on their skills and experiences in relation to the position sought after.

The cover letter is a perfect way to create an excellent first impression on the employer. It should be about three to four paragraphs long.

Need help fast please!!
8. Jill Jantzen's gross weekly pay is $298.00. Her earnings to date for the year total $14,900.00. What amount is
deducted from her pay each week for Social Security, which is taxed at 6.2%?
$30.88
$14.52
$18.48
$21.33

Answers

I think it’s C if I’m wrong I’m so sorry

Florence wants to become a Middle School Teacher. She attends a university for four years and earns a degree with
a major in Education. The four-year degree she has earned is called what?
master's degree
doctoral degree
associate degree
bachelor's degree

Answers

Answer:

bachelors

Explanation:

4 year degree

Answer:

bachelor's degree

Explanation:

Which of these headlines represents institutional advertising?
A. "We have new prom dresses on sale."
B. "We have the best cookies in town."
C. "Purchase our new software today."
D. "We are the best at accounting."

Answers

Answer:

D

Explanation:

they are promoting their value to the industry and not trying to inform about a specific product. the intent of institutional marketing is to build trust in the brand.

The headline that represents institutional advertising is "We are the best at accounting. Thus the correct option is D.

What is advertising?

Advertising is referred to as a tool of promotion used to create awareness about the product or services among the customers which persuade them to make a purcahse and increase the sale of teh company.

In institutional advertising, there is no advertisement to sell products instead they focus on selling their services through their values and ethics. They highlight their values to customers so that customers can give their attention which improves their reputation.

"We are the best at accounting" describes promoting the brand's value among customers which best appropriate example for institutional advertising where they reflect a positive image of the brand.

Therefore, option D is appropriate.

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Transaction taxes and Excise taxes are two types of _______ taxes

Answers

Transaction taxes and Excise taxes are two types of consumption taxes

Transaction taxes and Excise taxes are two types of consumption taxes.

What is the meaning of Taxes?

Taxes are compulsory payments made by a government organization, usually local, regional, or federal, to people or businesses. Tax revenues are used to fund a variety of government initiatives, such as Medicare and Social Security benefits as well as public infrastructure and services like roads and schools.

Taxes play a crucial role in helping governments finance a range of projects, including infrastructure, wars, and public works. Taxpayer funds are still utilized for several related reasons today.

When a governing body imposes levies on individuals and commercial entities, taxation occurs. Tax-based fees must be paid and are not always related to the provision of services. The money raised is utilized to pay for government expenses.

Each year, the tax filing deadline is normally April 15; however, if that day comes on the weekend or a holiday, it may be postponed. Penalties and interest may apply if the tax deadline is missed. Form 4868 must be submitted by April 18, 2023, to request an extension.

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Fiber optics have been "too good for their own good," fueling an over-reliance on (wireless) cloud computing that now requires integrated photonics to relieve the increasing demands society makes of the technology. Can you think of another example where such a back-and-forth between a technology's capability and society's response has guided its evolution?

Answers

Answer:

Cell phones

Explanation:

If we go back a few years in time, a little over 30 years actually, cell phones were not smart and you could only talk with them. Actually, they were so big and heavy, that you could use them as hammers also. Motorola's first cell phone was as big as a shoe box and weighted around 2.5 pounds. Back then cell phones were expensive and very few people used them.

Fast forward a few years and smaller cell phones appear and 2G technology arrives. You could use a cell phone to call or message someone else. As cell phones got cheaper, more and more people started to use them and companies like AT&T started to collapse and you couldn't get a decent signal anywhere.

But cell phones would continue to improve and 3G was developed in order to satisfy the growing number of consumers. AT&Ts signal was still terrible. Blackberry came and phones started to get smarter. But as cell phones got smarter, more people wanted them. Then came Steve Jobs with the iPhone and demand grew so much that all the companies' systems collapsed (now all were as bad as AT&T).

That led to the introduction of 4G technology, but even before 4G technology is available everywhere, 5G technology has been developed. Finally, 5G technology is available in all the US (this year AT&T managed to do so, although Verizon did it earlier). But in other countries, 5G technology is already becoming obsolete and 6G is soon to be the standard.

Our everyday use of smart devices has forced technological advances to speed up. It took about 15 years for 2G to arrive, and then it took about 10 for 3G to be available. But in less than 15 years other countries have gone from 3G to 6G (China has already launched its 6G satellites which will start providing that technology).

When building a team, which profession is most similar to that of the team leader
A. builder
B. teacher
C. physician
D. coach

Answers

Answer:D

Explanation:

When building a team, a profession is most similar to that of the team leader is a coach. Thus, the correct answer is option D.

What is leadership?

The ability of an individual or a group of people to influence and direct followers or members of an organization, society, or team is referred to as leadership. Leadership is frequently associated with a person's title, seniority, or position in a hierarchy.

A leadership position requires us to handle a problem, a team, or an entire organization in an ethical and effective manner. Leaders can influence and direct their teams towards a common goal. Coaching needs to be focused on set of skills in which a person needs improvement. A coach provides guidance to help the team members to reach up to their maximum potential and achieve the goal. It derives its authority from the position on the team.

Therefore, coach would be the appropriate position which is similar to that of a team leader.

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An increase in the value of an investment is called...

A inflation
B. net asset value (NAV)
C appreciation
D. yield
E market mover

Answers

Answer:

C appreciation

Explanation:

Appreciation is the term that describes the increase in value by an asset over time. Several factors may cause an increase in value. They include

In demand for the assetsCustomers perceptionsReduced supply for the assetIncrease in inflation or interest rates

The weather forecast calls for sunny skies tomorrow. What weather condition is associated with GOOD weather

Answers

Answer: Fair: A weather term implying no precipitation and no extreme conditions of clouds, visibility or wind.

Explanation:

Preferred stockholders receive their
dividends_ ______common stockholders and are_____ in
corporate decisions.
A- after; voters
B- before; voters
C- after; non-voters
D- before; non-voters

Answers

Answer:

D- before; non-voters

Explanation:

Preferred stocks represent a type of ownership in a corporation or limited liability company. Preferred stockholders are given preference over the assets of the business. If the business makes profits, preferred shareholders will be paid first. In case of a dissolution, preferred shareholders will be given priority over ordinary shareholders in the distribution company's assets. On the flip side, preferred shareholders have no voting rights on matter pertaining to the business.

In the janitorial service industry do cleaning products have nonprice competition?

Answers

Answer:

Yes

Explanation:

Non-price competition involves marketing a company's products and services using other strategies except lowering of price. These other strategies may include free gifts, discount coupons,  unique selling points, product enhancement, customer service, packaging, and many others.

The janitorial service industry involves cleaning of internal and exteriors of buildings. There various companies supplying cleaning products such as detergents and disinfectants. The industry has stiff competition based on non-price parameters such as quality, packaging, flavors, and after-sale service.

How can Opportunity Costs affect your business environment?

Answers

Answer: Weighing opportunity costs allows the business to make the best possible decision. If, for instance, the company determines an alternative choice's opportunity cost is greater than what the company gains from its initial decision, the company can change its mind and pursue the alternative choice

I hope this was the answer you were looking for :3

Answer:

Considering the opportunity costs allow the business to make the best possible decision.

Explanation:

If, for example, the company determines an alternative choice's opportunity cost is greater than what the company gains from its initial decision, the company can change its mind and the alternative option.

how do i spell chicken strips?

Answers

Answer:

chicken strips

Explanation:

yes

This is for a discussion question

What will you need in the future?

Answers

Answer: food

Explanation:

So you can stay alive

pls do this worksheet for me and i will make you brainliest

Answers

Nooooooooooooooooooo

What are the five foundations? Include purpose/ importance of each step

Answers

Answer:

cream promina lotus Vaseline Himalayan neem jgdaadhkjjhfddfhiklbddbbccsssdfgyuterrtttgfddsssddfffgggh

Have a good thanks giving everyone.

-Please can we all give thanks and love for Lil Peep, XXX Tentacion, Juice Wrld. Thanksssss. Goodays <3
Enjoy the points. :) <3

Answers

Thanks for the points

Answer:

R.I.p to the g.o.a.t’s

Explanation:

The demand in the market for smartphones has increased causing prices to write what effect will this likely have in The demand in the market for smartphones has increased causing prices to right what effect will this likely have in the supply of smart phones

Answers

Answer:

The supply point will increase by moving along the existing supply curve

Explanation:

Student loan forgiveness is available to students who perform public
service after graduating from college.
True or false?

Answers

False
The Public Service Loan Forgiveness (PSLF) Program forgives the remaining balance on your Direct Loans after you have made 120 qualifying monthly payments under a qualifying repayment plan while working full-time for a qualifying employer.

I really need to feed my dog guys please PLEASE!
anyone has cashapp? even 1 dollar would help.
cashapp- $dripxmarle2 PLEASE GUYS

Answers

Answer:

sorry I don't have any money but if your dog is hungry you shouldn't be asking for money on a homework app..

2. Explain the role of required & excess reserves in the banks approach to the making of loans to the consumer & business.

Answers

Answer:

Every time a dollar is deposited into a bank account, a bank's total reserves increases. The bank will keep some of it on hand as required reserves, but it will loan the excess reserves out. When that loan is made, it increases the money supply. This is how banks “create” money and increase the money supply.

Explanation:

Activity 4
எப்பMdwood
Erik wants to calculate the break-even point for the number of jobs needed for the new
transport service. He has given you the following figures for the first month of operation.
Fixed costs
£60.00
Variable costs for each job £3.50
Selling price for each job £18.50
The formula used to calculate the break-even point for each job is
Break-even point =
Fixed costs
(Selling price - variable cost)
(a) Using the figures given, calculate the break-even point.
(2)
Show your workings.

Answers

Answer:

=4 jobs

Explanation:

As per contribution margin theory,

the formula for calculating the break-even point is as below

Break-even  point = fixed cost/ contribution margin per unit

for this transport service

Fixed costs £60

contribution margin per unit = selling price - variable expenses

= £18.50 - £3.50

=£15

Break-even points =£60/£15

=4 jobs

Help i’m behind and i need to finish this assignment !

Answers

Answer:

Long term goals

long term goals
because it is a bigger goal you are working towards

Choose an advertisement that you found to be especially memorable. Describe the
advertisement and explain how effective it is. Discuss the techniques you would have
used to make it more effective.

Answers

Answer:

use the droritos commuecials those were good

Explanation:

If a person sells an asset for less than he or she paid for it the result is a

Answers

Answer: Capital loss

Explanation:

A capital loss is refered to as the loss that is incurred by an economic entity such as an individual, a firm or a government when a capital asset decreases in value and is then sold at a price that's lower than the price that it was purchased.

For example, if an individual buys shares for $100 and then sold the shares for $90. This is a capital loss as the selling price is lower than the cost price.

what is a land as a factor of production

Answers

Answer:

see below

Explanation:

Land as a factor of production will comprise the natural resources found beneath, on, and above the earth's surface. Land will therefore include the fertile land/soils used for agricultural productions, minerals, oil and gas, forests, water, and the space used to put up factories and businesses.

Land consists mostly of natural resources occurring on earth. The other factors of production consist of capital, labor, and entrepreneurship.

Other Questions
make a list of aspects which are interrelated to health,population,and environment education and explain any two of them you have been saving money to buy a new pair of shoes. Three different stores are having sales on them. Which store has the best deal. Order from lowest price to the highest price.Original Price $70Take 10% off Then take 10% off that priceOriginal Price $80Take 15% off Then take 10% offOriginal Price $90Take 10% offThen take $25 of What is the meaning of life? Why do I experience pain and suffering? why should people say don't worry more often?explain in sentence Please Help ASAP - 10 Points!What is the value of f(g) at f(21)? At the store, 10 ounces of candy cost $3.20. How many ounces can you get for $1? A chariots normal form of is a horse or horses. If food spoils is this a chemical or physical change? Listen to the audio and choose the correct time. You may repeat the audio as many times as necessary. 12:00 p.m. 12:00 a.m. Read the excerpt from "Fulton Fish Market."Alfred was thrilled on his walk home. Passing the Brooklyn Bridge, which was just starting to be built, he almost yelped for joy. But he hadn't won the battle yet. For the next three weeks Alfred and Mr. Zanetti played out the same scenario. Alfred would wait for his chance to help when Mr. Zanetti was busy with something else, and then scurry back to the curb when Mr. Zanetti turned his cold, hard stare on him. But every night, Mr. Zanetti would flick a nickel at Alfred's feet.Alfred and Mr. Zanetti are similar becausethey are both looking for jobs.they don't understand each other.they aren't very interested in fish.they both know what the other is doing. Can some pls help me with one question I will brainlest a gas container with a volume of 271 mL contains 0.26 moles of gas. Gas is added to the container so that it now contains 0.80 mole of gas. what is the new volume in milliliters Explain What does this statement mean: The United States has always been a magnet for immigrants. once again just look at the file to help with this question how are these men outcasts on the ranch?man 1- crookman 2- lennieman 3- candy When a user modifies the fonts in a message and immediately sees the effect of a font change without actuallyselecting the font, which Outlook feature is the user witnessing?Mini toolbarAutoCorrectO Live PreviewO Font View Hi. Gope y'all are good. whatsup? please hurrywhats the slope of the line that passes through the points (-5,6) and (11,2)?? someone please help me with this problem much appreciated It is more difficult to remove a proton from an atom than an electron. Which of the following force must be overcome to remove a proton from an atom? A) centrifugal force B) gravitational force C) electromagnetic force D) strong force