1. If the required reserve ratio is one-third, currency in circulation is $300 billion, checkable deposits are $900 billion, and there is no excess reserve, calculate the M1 money multiplier.
2. Explain the advantages and disadvantages of conventional bonds and sukuk in Malaysia.
3. Which of the following is correct concerning present value?
1. The the lower the discount rate for the given year the smaller the present value interest factor.
2. the further the time the smaller the present value interest factor
3. the present value is equal to the future value interest rate is 1
choices:
A. 1 and 2
B. 1 and 3
C. 2 and 3