Why have ATMs and online banking made savings accounts more liquid than they used to be?
Answer to relevant QuestionsGiven that the Fed currently imposes reserve requirements on checking deposits, but not on savings deposits, why would banks prefer to hold deposits as savings accounts rather than checking accounts, other things equal?True or False:1. An expansionary policy can be thought of as an increase in the money supply or an increase in the interest rate.2. A change in the nominal interest rate tends to change the real interest rate by the same ...Multiple Choice Questions:1. If expectations are rational?a. A predictable change in inflation can make the expected inflation rate deviate from the actual inflation rate.b. Unemployment can exceed the full-employment rate ...Predict whether unemployment will increase or decrease as a result of each of the following monetary policies. If it is unanticipated? What if it is anticipated?a. A reduction in the discount rate from 6 percent to 5.5 ...Does stagflation contradict the theory of the Phillips curve?
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