Suppose that the federal reserve makes a $10 million discount loan to first national bank (fnb) by increasing fnb’s account at the fed.
a. use a t-account to show the effect of this transaction on fnb’s balance sheet. remember that the funds a bank has on deposit at the fed count as part of its reserves.
b. assume that before receiving the discount loan, fnb has no excess reserves. what is the maximum amount of this $10 million that fnb can lend out?
c. what is the maximum total increase in the money sup- ply that can result from the fed’s discount loan? assume that the required reserve ratio is 10 percent

Witch is an example of a non durable good?

What is the advantage of developing criteria for assessing the effectiveness of business products and processes? a. assessment criteria are answers. b.assessment criteria are inexpensive. c.assessment criteria provide you with a list of relevant things to measure. d.assessment criteria provide you with a list of people to contact to learn more about process mentoring.

Christopher kim, cfa, is a banker with batts brothers, an investment banking firm. kim follows the energy industry and has frequent contact with industry executives. kim is contacted by the ceo of a large oil and gas corporation who wants batts brothers to underwrite a secondary offering of the company's stock. the ceo offers kim the opportunity to fly on his private jet to his ranch in texas for an exotic game hunting expedition if kim's firm can complete the underwriting within 90 days. according to cfa institute standards of conduct, kim: a) may accept the offer as long as he discloses the offer to batts brothers.b) may not accept the offer because it is considered lavish entertainment.c) must obtain written consent from batts brothers before accepting the offer.