# CONSUMER MATH, PART 3 1. The Emerson First National Bank is lending you money related questions

• 1CONSUMER MATH, PART 3 1. The Emerson First National Bank is lending you money

• 2bank a is lending money at 5.7% interest compounded annually

bank a is lending money at 5.7% interest compounded annually. The rate at bank b is 5.6% compounded monthly, and the rate at bank C is 5.65% compounded quarterly. Which bank will you pay the least interest?

• 3What happens to the bank lending, supply of money, and aggregate demand if the Federal Reserve increases discount rate to 3.5% and why

What happens to the bank lending, supply of money, and aggregate demand if the Federal Reserve increases discount rate to 3.5% and why?

• 4Federal Reserve increases discount rate to 3.5 what will happen to the bank lending, supply of money, aggregrate demand and the interest rate and why

Federal Reserve increases discount rate to 3.5 what will happen to the bank lending, supply of money, aggregrate demand and the interest rate and why?

• 5Federal Reserve lowers reserve requirment to 1.25% what wil happen to the bank lending, supply of money, aggregrate demand and the interest rate and why

Federal Reserve lowers reserve requirment to 1.25% what wil happen to the bank lending, supply of money, aggregrate demand and the interest rate and why?

• 6Using T-accounts of the First National Bank and Second National Bank, describe w

Using T-accounts of the First National Bank and Second National Bank, describe what happens when Jane Brown writes a \$50 check on her account at the First National Bank to pay her friend Joe Green, who in turn deposits the check in his account at the Second National Bank.

• 7Neka Kiser, vice president of operations for Mountain National Bank, has instructed the bank’s computer programmer to use a 365-day year to compute interest on depository accounts (payables)

Neka Kiser, vice president of operations for Mountain National Bank, has instructed the bank’s computer programmer to use a 365-day year to compute interest on depository accounts (payables). Neka also instructed the programmer to use a 360-day year to compute interest on loans (receivables). Discuss whether Neka is behaving in a professional manner.

• 8These are journal entries for National Bank. I can’t seem to get the balance s

These are journal entries for National Bank. I can’t seem to get the balance sheet listed below to balance. If someone has some time and could look at this and maybe give me an idea of what I am doing wrong I would greatly appreciate it.65,000 shares of common stock were sold to investors at \$10.00 a shareCash \$650,000 drCommon Stock \$650,000 crCustomers opened deposit accounts in the amount of \$575,000 and National Bank paid out withdrawals of \$225,000Cash \$350,000 dr Deposit accounts \$350,000 crNational bank made \$360000 in mortgage loans, collecting an average of 3% loan origination feeLoans 360000 drCash (360000) crCash 10800 drRevenue (10800)National bank borrowed \$210,000 from the FLHBCash \$210,000 drFLHB Advances \$210,000 crCustomers were paid a total of \$7500 in interest on their deposit accountsExpenses \$7500 drCash 7500 crNational bank purchased on credit office equipment in the amount of \$13,250Office Equipment \$13250 drAccounts Payable 13250 CrNational bank paid \$23000 in wagesExpenses 23000 drCash 23000 crLoan customer paid \$39000 in interest on their loansCash \$39000 drRevenues \$39000 crFHLB bank paid National bank \$650 in dividendsCash \$650 drRevenue \$650 crAll other expenses totaled \$16000 for the yearCash \$16000 drExpenses 16000crNational bank purchased with cash \$6000 of FHLB stockFHLB stock \$6000 drCash \$6000 crThese are my ending T-Account balancesCash \$847,950 drLoans \$360,000 drFHLB Stock \$6000 drOffice Equipment \$13,250 drA/P \$13,250 crDeposit accounts \$350,000 crFHLB Advances \$210,000 crCommon Stock \$650,000 crRevenue \$50,450 crExpenses \$46,500 crRough Draft of Balance SheetAssetsCash \$847,950Loans \$360,000FHLB Advances \$6,000Office Equipment \$13,250Revenue \$50,450Total Assets \$1,277,650Liabilities and EquityDeposit accounts \$350000Accounts payable \$13,250Expenses \$46,500Common Stock \$650,000Total Liability & Equity \$1,269,750

• 9Dana has a piggy bank(she is just starting to save money in her piggy bank)

Dana has a piggy bank(she is just starting to save money in her piggy bank). 1- All of the coins in her bank expect two quarters. 2- All of the coins in her bank except two are nickels 3- All ofthe coins in her bank except two are pennies . How much money does Dana have in her bank?. Write your answer and explanation on the lines below . Show your calculationsin the space provided below.

• 10austin invests 4500 with first national bank at 5 1/4% simple interest

austin invests 4500 with first national bank at 5 1/4% simple interest. how much interest does austin earn after one year?

• 11(Future value) Leslie Mosallam, who recently sold her Porsche, placed \$10,000 in a savings account paying annual compound interest of 6%. a. Calculate the amount of money that will accumulate if Leslie leaves the money in the bank for 1, 5, and 15 years.

(Future value) Leslie Mosallam, who recently sold her Porsche, placed \$10,000 in a savings account paying annual compound interest of 6%. a. Calculate the amount of money that will accumulate if Leslie leaves the money in the bank for 1, 5, and 15 years. b. Suppose Leslie moves her money into an account that pays 8% or one that pays 10%. Rework part (a) using 8% and 10%. c. What conclusions can you draw about the relationship between interest rates, time, and future sums from the calculations you just did?

• 12give all answers in detailwhat is consumer awarenessNeed of consumer awarenessConsumer law in indiaforms of consumer exploitationconsumer protections-i)some perspectivesii)case studyrole of producers in protecting consumers

give all answers in detailwhat is consumer awarenessNeed of consumer awarenessConsumer law in indiaforms of consumer exploitationconsumer protections-i)some perspectivesii)case studyrole of producers in protecting consumersadvice to consumers,their dutiesconclusionsplease show all the work you have done on this and someone will be happy to critique you on it!well i hav done a lot i jus need the role of producers in protecting consumers and not that article link u hav given before but gimme an answer in ponts and i will write for myselfgive all answers in detail what is consumer awareness Need of consumer awareness Consumer law in india forms of consumer exploitation consumer protections-i)some perspectives ii)case study role of producers in protecting consumers advice to consumers,their duties conclusions