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For questions 88, 90, 92 and 94, answer only THREE of the four questions (45 points total, 15 points each question). Questions 89, 91, 93 and 95 are connected with questions 88, 90, 92 and 94 and are for uploading your diagrammed answers to these questions.  If more than three questions are answered, indicate the three you wish to have graded.  If there is no indication, the first three answers will be graded.

Questions 1-5 The electron transport chain can best be described as:

The long-run aggregate supply curve intersects the horizontal axis at the:

The higher the nominal interest rate:

The reduction in transaction costs provided by financial intermediaries benefit:

Criteria used to judge a central bank’s independence include each of the following, except:

Suppose the currency-to-deposit ratio is 0.2, the excess reserve-to-deposit ratio is 0.05, and the required reserve ratio is 0.10. Which will have a larger impact on the money multiplier: a rise of 0.03 in the currency ratio or in the excess reserve ratio?

All other factors equal, as nominal interest rates decrease, checking account balances should:

IVoted, Inc. purchased a new machine at the beginning of its calendar year.  The machine was purchased for $100,000 and will be used for 10 years (or 50,000 hours of use).  At the end of 10 years the machine will have a salvage/residual value of $10,000.  The machine was used 5,000, 8,000, 10,000 and 11,000 hours during the first 4 years of operations.  Each year the machine requires regular maintenance that costs $1,000.  At the end of the 10 years, IVote sold the machine for $7500 cash. Answer the following 5 questions regarding this machine and its related accounting.

What is the amount of money owed to Tesla by its customers as of December 31, 2019?