This Exercise Is Based on the Following Simplified Model of the Determination

question 108

Multiple Choice

This exercise is based on the following simplified model of the determination of the money stock.
$$\begin{array} { l } M = C + D \\C = 0.2 D \\R = 0.1 D \\H = R + C\end{array}$$ , Where M - money stock
C - currency in circulation
R - bank reserves
D - deposits of the public
H - high-powered money

If the money stock were $192 billion, what would bank reserves have to be

Identify the UCC rules governing the sale and identification of goods.

Differentiate between existing, future, and fungible goods under the UCC.

Explain the roles of security interests and consignment under the UCC.

Understand the CISG rules on risk of loss in international sales contracts.

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Definitions:

Reasonable Reliance

Relying on a statement or action in a manner that a reasonable person would consider justified under the circumstances.

UCC

The United States has implemented the Uniform Commercial Code, a wide set of legal principles, to govern commercial exchanges.

Consideration

In contract law, something of value given by both parties to a contract that induces them to enter into the agreement to exchange mutual performances.

Valid Consideration

A component of contract law that ensures all parties involved agree to give or do something of value in exchange for a benefit.