Provide numerical answers for the next 7 questions (@3 pts. for 18 + 3 bonus).

Round off, if necessary, to the nearest whole dollar.

Use a comma as a separator for values in the thousands

Use a “+” or “-” for all of your answers.

Use a “$” for dollar value answers.

Good types of answers: +$444 or -$3,200 or -2.34 rounded to two decimal places.

Bad types of answers: +444.25 (no $ and not rounded off to the nearest whole dollar) or $3200 (no + or – and no comma) or 2.3 (if to be rounded to 2 places)

#1. If a bank has undesired excess reserves of $300, and if rr=20%, e=15% and c=20%, what is the value of the money multiplier? [Provide to two decimal places.]

#2. If a bank has deposits of $4,000 and reserves of $1000 and if rr=25%, e=15% and c=10%, then what is the bank’s level of undesired excess reserves? Be clear about whether this is positive or negative.

#3. If a bank has undesired excess reserves of $250, and if rr=15%, e=15% and c=10%, then to restore equilibrium by how much will the money supply (M1) change? Be clear about whether this is a positive or negative change.

#4. If a bank has undesired excess reserves of -$450 and where e=15%, c=20%, and m*=4.8, to restore equilibrium by how much will the money supply (M1) change? Be clear about whether this is a positive or negative change.

#5. If a bank has $18,500 in deposits, and $4,300 in reserves, and if rr=15%, e=5% and c=20%, how much undesired excess reserves does the bank have? Be clear about whether this is positive or negative.

#6. If a bank has $30,000 in deposits, and $3,250 in reserves, and if rr=20%, e=2.5% and c=15%, how much currency is in circulation? Be clear about whether this is positive or negative. 

Bonus #7. If a bank has undesired excess reserves of $830 and where e=7%, c=8%, and m*=4.3, what is the value of the required reserve ratio (rr)? Express in % terms, use that symbol, rounded to one decimal place. [So, 15.6% is ok, but 15% is not, nor is .156]

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AT LEAST ONE SINGLE SPACE FOR EACH QUESTION. STRAIGHT TO THE POINT AND WRITE DETAILED.

1. Compare and Contrast the role of language in the various theoretical perspectives as described by Habermas, Goffman, Bourdieu, and Giddens. What similarities do you see in their perspectives on languages in their theories?

2. Define and distinguish between economic, social, cultural, andy symbolic capital. Provide examples from life of who would posses these four forms and how.

3. According to Habermas, what role does the mass media play in shaping the public sphere? How might be corporate consolidation of media outlets and growing use of the internet affect public debate?

4. Use an example from your own life that demonstrates Goffman’s vocabulary of the front, backstage, character, and performer.

 

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