New furniture. penny purchased $3,000 worth of furniture from bob's furniture shop. through an arrangement with bob, penny financed the purchase through a financing company called let us you. twenty-nine days after the goods were delivered to her, penny had a disagreement with let us you regarding the amount of interest she would be required to pay. she notified bob on that day that she was rejecting the goods. bob claimed that she did not properly reject the furniture and also that she acted in bad faith. penny says that she properly rejected and denies that she acted in bad faith. she also says that, in any event, she cannot be sued for both wrongful rejection and also bad faith because of double jeopardy. what standard of good faith would apply in this situation, and why?

Uppose that the federal reserve purchases a bond for $100,000 from donald truck, who deposits the proceeds in the manufacturer’s national bank. what will be the impact of this purchase on the supply of money? the money supply will increase by $100,000. the money supply will increase by $80,000. the money supply will increase by $500,000. this action will have no effect on the money supply. if the reserve requirement ratio is 20 percent, what is the maximum amount of additional loans that the manufacturer’s bank will be able to extend as the result of truck’s deposit? the maximum additional loans is $100,000. the maximum additional loans is $80,000. the maximum additional loans is $20,000. the maximum additional loans is $500,000. given the 20 percent reserve requirement, what is the maximum increase in the quantity of checkable deposits that could result throughout the entire banking system because of the fed’s action? this action will have no effect on the money supply. the money supply will eventually increase by $80,000. the money supply will eventually increase by $500,000. the money supply will eventually increase by $100,000.