Assume That the Sequence Converges and Find Its Limit $$a _ { 1 } = 3 , a _ { n + 1} = \frac { 72 } { 1 + a _ { n } }$$

question 28

Multiple Choice

Assume that the sequence converges and find its limit.
- $$a _ { 1 } = 3 , a _ { n + 1} = \frac { 72 } { 1 + a _ { n } }$$

• A) 4
• B) 8
• C) 2
• D) 3

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Definitions:

Money Supply

The total volume of money available in the economy, including cash, coins, and balances held in bank accounts.

Reserve Requirements

Reserve Requirements are regulations set by central banks determining the minimum amount of reserves that banks must hold against deposits, used as a tool of monetary policy.

Discount Rate

The interest rate charged to commercial banks and other financial institutions for loans received from the central bank's discount window.

Open Market Operations

Activities conducted by central banks to buy or sell government securities in the open market to control the money supply and interest rates.