4. In the absence of partnership agreement expressed
or implied, the Partnership Act 1890, Section 24,
requires among other things that:
no interest on capital to be allowed
no salary/remuneration to be allowed
profits and losses to be shared equally
IV loans made by partners to earn interest
of 8% per annum
A.
I and II only
B. II and Ill only
C. I, II and III only
D. I, II and IV only

Explain whether each of the following events increases or decreases the money supply. a. the fed buys bonds in open-market operations. b. the fed reduces the reserve requirement. c. the fed increases the interest rate it pays on reserves. d. citibank repays a loan it had previously taken from the fed. e. after a rash of pickpocketing, people decide to hold less currency. f. fearful of bank runs, bankers decide to hold more excess reserves. g. the fomc increases its target for the federal funds rate.