briefly discuss their history, characteristics, and differences. Which one is good to list for a newly growing company?/Describe the function of the “lender of the last resort” of the Fed. What’s the purpose of the function?
1. Apply the money multiplier: Calculate how much money would be supplied to the economy if the Fed deposits 700 million dollars into commercial banks. RRR = 8%.
2. If you deposit $7,000 now into your bank account when the interest rate is 5%, what will be the total amount in your account after 15 years if you apply compounding? How much will it be if you apply simple interest?
3. Visit web sites of NYSE and NASDAQ, briefly discuss their history, characteristics, and differences. Which one is good to list for a newly growing company? Please explain.
4. Describe the function of the “lender of the last resort” of the Fed. What’s the purpose of the function?
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