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Macro1 (ECON1010), 1sem 2016 MACRO1 (ECON1010) Assignment 2 (Chapter 29, 30amp;33) Submit online at the 'Assessment Task' in Blackboard by: 6PM 13...
- Going back to the original T-account (i.e. the withdrawal of part d. did NOT take place), Suppose that due to the mortgage crisis some people default on their loans, and their value thus decreases by 50. What happens to the leverage ratio (assuming the bank makes no changes in reserves)? (2 marks)
