Suppose the required reserve ratio on checkable deposits is 8% and banks do not hold any excess reserves. If the Fed sells $10 million of bonds to Jane, who pays for the bonds with a check on her account at Bank A, what happens to reserves and the monetary base? Use T-accounts to explain.

The usa today reports that the average expenditure on valentine's day is $100.89. do male and female consumers differ in the amounts they spend? the average expenditure in a sample survey of 47 male consumers was $135.67, and the average expenditure in a sample survey of 38 female consumers was $68.64. based on past surveys, the standard deviation for male consumers is assumed to be $34, and the standard deviation for female consumers is assumed to be $17.