Macro Money

8/12/2019 Macro Money

1/42

!"#$%#&'()* +#(&,%# -

! !"#$%& '("#)*+,"-. /"-0% $-# ,-1$+,"- #%-$/,*2

! 30)+($4,+% $-# 2)50(-0)+($4,+%

! 67,2+0-*0 $-# 2+$8,4,+% "9 2+0$#%:2+$+0

! ;%-$/,* 0


2/42

.%$/,(&'$01 2$0#3 )0/ 405)&'$0

! A$2,* 20+:)5& '("#)*+,"- 0*"-"/%. BCD 20+:)5

! E,(2+ *"-2,#0( 50(90*+ 9"(02,>=+ 20++,-> +=0- +=,-@ $8")+ 2+"*=$2+,* 20++,->2

! F")20="4#2 /$7,/,G0&

! !"!

"!"

#"$ #%"& '"$%()"&

' $%& $'()& $%&'() # "& $%%& $'()&'() $ "' ()*

%%"$$%! ()*

'()%"$$'()! "


3/42

! 2)8H0*+ +" 20I)0-*0 "9 8)#>0+ *"-2+($,-+2&

*"$+"$ #% & ,& -"$#% $."&%& /"

)"$

'"

)"

# %"$-"$%$'"$%

)"$

/"$%)"

! / #0-"+02 -"/,-$4 6%'7) /#8& "-4%J

! !=0 >"K0(-/0-+ 8)#>0+ *"-2+($,-+ ,2 L-"+0 +=$+ +$(0 +($-290(2M&

)"+"! 0"$% &0"

! '("#)*+,"-& E,(/2 $(0 *"/50+,+,K0 $-# 5("#)*0 ?,+= $ -0"*4$22,*$4 +0*=-"4">%&

*" ! 1#-"&

1#"& ! "& 1' # "& 1'' $ "

()*-%"

1' ! "& ()*-%"

1' ! "


4/42

! A044/$-N2 0I)$+,"- 9"( +=0 =")20="4#2N 5("840/&

! #-&/&'& ! *+,"

$#

%& ''()$

$#!#

-'& /'& ''$%

2" ' 1#-& $+$ #%& ,& -$#% $.&%& /

) $

'

)

# %$-' $''

) $

/'

)

! !=0 O(2+:"(#0( *"-#,+,"-2 $(0 >,K0- $2&

% ' $%#

%& ''()$

! 3

-' ' #!-' #-'& /'& ''$! 3

/' ' #!/'#

-'& /'& ''$

! 3%

)

'' ' #!''#

-'& /'& ''$

! 3%

)&

%

)$''()

#%& ''()

$


5/42

$-# +=0 0-K04"50 *"-#,+,"-2 $(0&

- ' !-#-&/&'& !3&

1' #-& $ #%& ,&'

/ ' !/ #-&/&'& !3% $.&%

)

' ' !' #-&/&'& !3%

)

2)8H0*+ +" +($-2K0(2$4,+% *"-#,+,"-2 9"( -. /. $-#'

! P"/8,-,-> +=0/ ?0 >0+ +=$+&

$%

#%& ''()

$ ! #$%

#%'& '''()'

$#% $4&

#% $4& ! &1' #-'$ $ #%& ,&'$''()

(%& ''()

)$% #%& ''()&

! .

% $.

#% $4& ! #% $.&)

)'


6/42

?=0(04 ,2 +=0 -0+ (0$4 ,-+0(02+ ($+0J

! (0$4 ,-+0(02+ ($+0 /)2+ -"? 0I)$4 0750*+0# (0$4 (0+)(- "- *$5,+$4


7/42

9)/3:;&) 6%$6#%&'#;("? $+

+=0 2$/0 ($+0 : !"# $%&'!$(% )'!# *+,! #-+'. !"# *(%#/ 0)(1!" )'!#


8/42

! U$+0( ?0 ?,44 $2@ ,9 +=0(0 *")4# 80 $-"+=0( 0I),4,8(,)/ ?,+= $ 2(%,!'%! 0)(1!"

)'!#"9''()

! A)+ -"?& $22)/0 +=$+ 622 !(

)'())22 !(''(')22 !7'

! !=,2 /0$-2 +=$+ ?0 *$- ?(,+0(''())22 !7' #'()&22! 307+. 2,-*0 8 ,2 5(,K$+0 #08+. ,- +=0 0I),4,8(,)/ ?0 /)2+ =$K0 +=$+ 8 ! " ,-

$ (05(020-+$+,K0 $>0-+ 20++,->

! E,-$44%. -"+0 +=$++22 !(

''())22& #'()&22 ! #7' & %& #'()&

22


9/42

! !=0 O(2+:"(#0( *"-#,+,"-2 0K$4)$+0# $+ +=0 2+0$#%:2+$+0&

/ ' $% #%22& 7' #'()&

22& !#$% #%22& 7' #'()&

22& #% $422& (

' % $422 ! %(#

' % $.22 !7'(#

- ' $% #%22& 7' #'()&

22& !#$% #%22& 7' #'()&

22&

&1' #-22& $ #%& ,&

'(

' 1' #-22& ! %(# & #%& ,&

' '$''() #%

22& 7' #'()&22&

$% #%22& 7' #'()&22&

!7'(# & %

7'(#

>""#2 /$(@0+ $-# >"K0(-/0-+ 8)#>0+ *"-2+($,-+2&

%22 ! 1#-22&& ,-22

+22 ! #7' & %& #'()&22


10/42

! =#;,*& >< S "-*0 $-# 9"( $44 *=$->0 ,- +=0 /"-0% 2+"*@ *=$->02 +=0 5(,*0 40K04

"-0:9"(:"-0 ?,+= +=0 *=$->0 ,- +=0 /"-0% 2+"*@ $-# 40$K02 $44 (0$4 K$(,$8402

)-$0 ,- +=0 /"-0% 2)554% >("?+= ($+0 *=$->02 +=0 ,-1$+,"-

($+0 "-0:9"(:"-0 $-# 40$K02 $44 (0$4 K$(,$8402 $5$(+ 9("/ +=0 (0$4 /"-0% #0/$-#

)-$0+ *"-2+($,-+

$-# ,- +=0 (0$4 /"-0% #0/$-# 0I)$+,"-J L,,M !=0 (0$4 /"-0% #0/$-# #"02

-"+ #050-# "- +=0 2+"*@ "9 /"-0%J !=)2. +=0 "-4% 00 ,- +=0 /"-0% 2+"*@ : 0420

+=0 >"K0(-/0-+ 8)#>0+ *"-2+($,-+ ?")4# -"+ 80 2$+,2O0#J


11/42

! V)50(-0)+($4,+%&

WJ !=0 2+0$#%:2+$+0 *$5,+$4 2+"*@ ,2 #0+0(/,-0# 8% +=0 #,2*")-+ 9$*+"(. +=0 #05(0:

*,$+,"- ($+0 $-# +=0 *)(K$+)(0 "9 +=0 5("#)*+,"- 9)-*+,"-J C+ #"02 0$2-#

"- +=0 /"-0% >("?+= ($+0J

XJ C+ +=0- 9"44"?2 +=$+ 2+0$#%:2+$+0 *"-2)/5+,"- ,2 )-$("?+= ($+0J

ZJ !=0(09"(0. +=0 "-4% 0("?+= ($+0 ,2 +" *=$->0

+=0 (0$4 /"-0% 2+"*@J


12/42

! 30)+($4,+% : ,- +=0 4"->:()- '%4 ,- +=0 2="(+:()- : ,2 $ >0-0($4 5("50(+% "9

107,840 5(,*0 /"#042

! V="(+ ()- -"-:-0)+($4,+% : $2 ?0 2=$44 (0+)(- +" : "**)( ,- /"#042 ?,+= -"/,-$4

(,>,#,+,02

! V)50(-0)+($4,+% ,2 -"+ >0-0($4 $-# ,2 #)0 +" 250*,$4 $22)/5+,"-2 +=$+ ?0 /$#0

$8"K0


13/42

! T0-0($4,G$+,"- "9 +=0 5(0K,")2 /"#04& +)8$%:*#';,%# ("$'(#

! !"!

"!"

#"$ #%"& '"$%()"& 9"&

*" ! 1#-"& :"&

9"$:" ! %

! !=0 =")20="4#N2 5("840/ ,2 -"?&

! #-&/&'& ! *+,"

$#

%& ''()& %& :$

$#!#

-'& /'& ''$%

2" ' 1#-& :& $+$ #%& ,& -$#% $ .&%& /

) $

'

)

# %$-' $''

) $

/'

)


14/42

! !=0 O(2+:"(#0( *"-#,+,"-2 $(0 +=0 2$/0 $2 $8"K0 $-# ,- $##,+,"-&

$9#

%& ''()& %& :$

! 1: #-& :& $%#

%& ''()& %& :$

20+2 +=0 /$(>,-$4 ($+0 "9 2)82+,+)+,"- 80+?00- *"-2)/5+,"- $-# 40,2)(0 0I)$4

+" +=0 /$(>,-$4 ($+0 "9 +($-29"(/$+,"-


15/42

! !=0 2+0$#%:2+$+0 /)2+ 2$+,29% +=0 *"-#,+,"-2&

+ ' +22 ! #7' & %& #'()&22

/ ' % $422 ! %(#

' % $.22 !7'(#

- ' '1-#-22& %& 922& ! %(# & #%& ,&

' '$''() #%

22& 7' #'()&22 & 922&

$% #%22& 7' #'()&22 & 922& !

7'(# & %

7'(#

: ' $9#%

22& 7' #'()&22 & 922&

$% #%22& 7' #'()&22 & 922&

!1: #-22& %& 922&

% ' %22 !1#-22& %& 922&& ,-22

+ ' +22 ! #7' & %& #'()&22

! [0 2+,44 >0+ -0)+($4,+%

! A)+ : ,- >0-0($4 : 2)50(-0)+($4,+% #"02 -"+ ="4#& 7'$


16/42

! V)50(-0)+($4,+% (0I),(02 +=0 /$(>,-$4 ($+0 "9 2)82+,+)+,"- 80+?00- 40,2)(0 $-#

*"-2)/5+,"- 80 ,-#050-#0-+ "9 (0$4 /"-0% 8$4$-*02&

$#

%& ''()&9$

! $% #%& 9& $$-#

''()$

"(

$#

%& ''()&9$

! $% #%& 9& $-#

''()$


17/42

@D';(# )0/ 9&)8'*'&3 $E &"# 9)/3:9&)

! P"-2,#0( +=0 /"#04 ?,+=")+ 40,2)(0 $>$,-J

! S8"K0 ?0 #0(,K0# +=0 *"-#,+,"-2 9"( +=0 2+0$#%:2+$+0 : 8)+ ?=$+ $(0 +=0 5("5:

0(+,02 "9 +=0 2+0$#%:2+$+0R

! S22)/0 +=$+&

$#

%& ''()$

! $% #%& $$-#

''()$

! 2" +=$+ +=0 2+0$#%:2+$+0 (0$4 8$4$-*02 $(0 #0+0(/,-0# 9("/&

$-''() #7' #'()&22& !

7'(# & %

7'(# $%%#%

22& # "

! . #7'& %22&


18/42

! 3"+0 +=$+&

()*''()%"

$-''() #7' #'()&& ! "

! $-# +=$+ . #7'& %22"02 -"+ #050-# "- '()

! +=0(09"(0 07,2+0-*0 "9 $ 2+0$#%:2+$+0 ?,+= 5"2,+,K0 (0$4 8$4$-*02 ,2 $22)(0# 8%

+=0 *"-#,+,"- +=$+ +=0(0 07,2+2 2"/0*'() 9"( ?=,*= $%''() #7' #'()&& ; "9"( $44'()


19/42

! C9# ! %(#% $ 4&+=0- +=,2 ,/54,02 +=$+ *"-2)/5+,"- ,2 *"-2+$-+ $-# 0I)$4 +"

,+2 2+0$#%:2+$+0 40K04 ?=$+0K0( +=0 -"/,-$4 ,-+0(02+ ($+0

! 307+. +=0 /"-0% #0/$-# 0I)$+,"- ,2&

$-''() #7''"()"&

$%%#%22&

! %& )"

)"$%#

($-''() #7''"()"&

$%%#%22&

'"

)"!

'"

)"& #

'"

)"$%(

#

7'

'"$%

)"$%! +,%&

$-''() #7''"()"&

$%%#%22& -.'"

)"

! !=,2 ,2 $ -"-:4,-0$( #, +=0 2+$8,4,+% "9

+=0 ,-+0(20*+,"- ?=0(0 '"$%)"$%

! '")"!#

')

$22


20/42

! !=0 409+ =$-# 2,#0 ,2 4,-0$( ,-'()

! [0 @-"? +=0 9"44"?,-> $8")+ +=0 (,>=+ =$-# 2,#0&

()*'()%"$

+

,%&

$-''() #7''()&

$%%#%22&

-

.'

) $ "

?=0(0 +=0 2,>- *"/02 9("/ +=0 9$*+ +=$+ +=0 2I)$(0 8($*@0+ >"02 +" /,-)2

,-O-,+% $2 ?0 $55("$*='()! "

! P"-2,#0( +=0 250*,$4 *$20 ?=0(0&

$% #%& ! ( / %

$- #'()& ! ( / '()


21/42

! +=0- +=0 #,


22/42

! !=0(0 ,2 $ )-,I)0 2+0$#%:2+$+0 L?=0(0 +=0 +?" 4,-02 ,-+0(20*+M $2 4"-> $2 #7' ;%

?=,*= (0I),(02 +=$+7'< #?=,*= ,2 2,/54% +=0 *"-#,+,"- 9"( $ 5"2,+,K0 -"/,-$4,-+0(02+ ($+0

! +=0 2+0$#%:2+$+0 ,2 )-2+$840& +" +=0 409+ ?0 #,K0(>0 +"?$(#2 -0>$+,K0 '(). +"

+=0 (,>=+ ?0 #,K0(>0 +"?$(#2 ,-O-,+%

! 30>$+,K0 '()*$- 80 ()40# ")+ : 2" +" +=0 409+. +=0 5(,*0 40K04 /)2+ H)/5 2"

+=$+ ?0 ,//0#,$+04% >" +" +=0 2+0$#%:2+$+0

! '()>",-> +" ,-O-,+% *$- 80 ()40# ")+ ?,+= +=0 +($-2K0(2$4,+% *"-#,+,"- : =0-*0.+=0 5(,*0 40K04 /)2+ H)/5 $-# ?0 >" ,//0#,$+04% +" +=0 2+0$#% 2+$+0

! +=0(09"(0. +=0 2+0$#%:2+$+0 ,2 )-,I)0 $-# 2$##40:5$+= 2+$840


23/42

! B"(0 >0-0($44%. ?0 @-"? "-4% +=$+&

()*'()%"$

+,%& $-''() #7''()&$%%#%

22&

-. ') $ "

! ,9$-''()&''()

#7''()&; " ?0 @-"? +=$+ +=0 24"50 /)2+ 80 5"2,+,K0 80%"-#

2"/0/'()! !=0(09"(0. +=0 (,>=+ =$-# 2,#0 *)+2 +=0 409+ =$-# 2,#0 9("/ 804"? $+ +=0 2+0$#%:

2+$+0 $-# +=0 #%-$/,*2 4""@ 4,@0 E,>)(0 X


24/42

1 2 3 4 5

0

1

2

3

4

5

6

7

m/p

m/p

E,>)(0 X

! F0(0 +=0(0 $(0 +?" 2+0$#%:2+$+02 L$+ +=0 "(,>,- $-# $+ +=0 5"2,+,K0 ,-+0(20*+,"-M

! '$+= +=$+ 40$# +"'()>",-> +" ,-O-,+% *$- 2+,44 80 ()40# ")+ ?,+= +=0 +($-2K0(:

2$4,+% *"-#,+,"-


25/42

! A)+& !" +=0 409+ ?0 *"-K0(>0 +"?$(#2 +=0 "(,>,- ?=,*= /0$-2 +=$+ +=0(0N2

=%50(,-1$+,"-$(% #%-$/,*2

! !=,2 *$--"+ 80 ()40# ")+ ,- >0-0($4


26/42

F30)G'(;

! P"-2,#0( +=0 002 ,- /"-0% 2)554% ,- $ BCD 0*"-"/%

! C ?,44 *"-2,#0( $ 5$($/0+(,* 07$/540 8)+ @0% (02)4+2 $(0 >0-0($4 $-# #0(,K0 $42"

,- PCS 0*"-"/%

! [0 ?,44 2="? +=$+G$0#&)%3 ;"$(H; )I#(& &"# #($0$G3 &"%$,J" #D6#(/

'05)&'$0

! S-# ?0 ?,44 2="? +=$+ +=020 /"#042 4$*@ $K*'L,'/'&3 #I#(&M: -"/,-$4 ,-+0(02+

(,20 ,- (025"-20 +" /"-0% 2)554% >("?+= ($+0 2="*@2


27/42

! '(090(0-*02 $(0 >,K0- $2&

!" ! =""!

"!"

#"$ #%"& '"$%()"& 9"&

9" ! %& :"

$" !

&>%%&/" $ #%& >& #'"$%()"&

%&/'#%&?&(#%&/&

%& ? $@

9%&A"%& A

! !=,2 ,/5"202 -"-:205$($8,4,+% 80+?00- *"-2)/5+,"- $-# (0$4 /"-0% 8$4$-*02

! [=0- / ! ? ! % 5(090(0-*02 $(0 4">:4,-0$( ,- *"-2)/5+,"- $-# (0$4 /"-0%

8$4$-*02

! !=0 5("#)*+,"- 9)-*+,"-&

*"! -B":

%&B"


28/42

! B"-0% >("?+= ($+0 5("*022&

7'"! #%& C& 722'$C7'"&%$D'"

?=0(0D'"0:E.EA#

"& F-'$

! !=0 0I),4,8(,)/ /)2+ 9)4O44 +=0 9"44"?,-> *"-#,+,"-2&

' *" ! -B":

%&B"

' *" ! %"$-" & #%& ,& -"

' #% $4"& !=" 1B*"$%(-"$%$ #% & ,&2

' >%&/" &>%%&/" $ #%& >& #'"$%()"&

%&/

'#%&?&(#%&/&&%

! #>="%&/"$%

&>%%&/"$%$ #%& >& #'"$-()"$%&%&/'#%&?&(#%&/&&% #% $4"&'

@ #%& :"&&A

>%&/"

&>%%&/" $ #% & >& #'"$%()"&

%&/'#%&?&(#%&/&&% ! #%& B& *"(:"


29/42

' %& >

> 0'"$%()"

%" 1&/

! ."

% $."' #% $."& ! #% $4"& ="

)"$%)"

' '"$%! 7'"'" (

' '"$%()"! 7'"

)"()"&%'"()"&%

' 7'"! #%& C& 722

'$C7

'"&

%$D'"

! ?=,*= 9"44"? 9("/ +=0 O(2+:"(#0( *"-#,+,"-2 #0(,K0# 0$(4,0( $-# ,/5"2,-> +=0

0I),4,8(,)/ *"-#,+,"-2 "- +=0 8)#>0+ *"-2+($,-+


30/42

4G6*'()&'$0;

>N F'("$&$G3< O"#0 ? ! /. ,+ 9"44"?2 9("/ $8"K0 +=$+ +=0 (0$4 $44"*$+,"- ,2

,-#050-#0-+ "9 /"-0+$(% 2="*@2

! !=0 (0$4 K$(,$8402 $(0 #0+0(/,-0# 9("/&

' *"!-B":

%&B"

' *"!%"$-" & #%& ,& -"

' #% $4"& !=" 1B*"$%(-"$%$ #% & ,&2

' %&/

" !#="%

&/

"$%#% $4"&

' @ #%& :"&

&A

>%&/"! #%& B& *"(:"


31/42

! C-1$+,"- $-# (0$4 *$2= 8$4$-*02 $(0 +=0- #0+0(/,-0# H",-+4% 8%&

%& >

>

0'"$%()"%"

1&/! %&

)"

)"$%

%

% $4"

'"$%()" ! 7'"

)"()"&%'"()"&%

! !=)2. +=0(0 ,2(*);;'()* /'("$&$G3: ?0 *$- *"-2,#0( +=0 (0$4 $44"*$+,"- L$5$(+

9("/ (0$4 /"-0% 8$4$-*02M $-# +=0 /"-0+$(% K$(,$8402 205$($+04%J

! !=,2 ,2 $-"+=0( ?$% "9 075(022,-> -0)+($4,+% $-# 2)50(-0)+($4,+%J


32/42

-N @D6#(/ 405)&'$0& [=0-? )!/.;,6#%0#,&%)*'&3 /$#; 0$& "$*/ $-# /"-0%

>("?+= ($+0 2="*@2 $%&/"

&>%%&/" $ #% & >& #'"$%()"&

%&/'#%&?&(#%&/&&% ! #%& B& *"(:"

! A)+ ,+ ,2 "-4% 0750*+0# ,-1$+,"- +=$+ "**)( 9("/ /"-0% >("?+= +=$+ /$++0(2\

! P"-2,#0( +=0C! "*$20 ?=0(0 /"-0% >("?+= ($+02 $(0 ,-#050-#0-+ "K0( +,/0


33/42

! C9 +=0 ,-1$+,"- ($+0 *=$->02 "-0:+":"-0 ?,+= +=0 /"-0% >("?+= ($+0 2="*@.

+=0- -" "+=0( 0I),4,8(,)/ *"-#,+,"-2 $(0 $


34/42

! A)+ ?=0-C = ,+2N 0


35/42

QN R,&6,&1 2$0#3 )0/ +)8$% 9,66*3

! !=0 ")+5)+ $-# 0/54"%/0-+ 0("?+= ($+0& !=0 -"/,-$4 ,-+0(02+ ($+0 (,20 : +=0(09"(0 $>0-+2 ="4# 4022 (0$4

8$4$-*02

! _0*$44 +=0 ]4$8"( 2)554%^ 0I)$+,"-&

@ #%& :"&&A :"

>%&/"

&>%%&/" $ #% & >& #'"$%()"&

%&/'#%&?&(#%&/&&% ! #%& B& *"


36/42

! P"-2,#0( 9"( $ /"/0-+ *"-2)/5+,"- $-# ")+5)+ 9"( >,K0- $-# -"+0 +=$+ +=0

-)/0($+"( "9 +=0 (,>=+ =$-# 2,#0 ,2 ,-*(0$2,-> ,- :"

! !=0- ,9#'"$%()"*(0$202. 4$8"( 2)554% ,-*(0$202 ,9

#%& /&1#%& ?& ( #%& /&& %2 ; "

(

/ ; ?

$-# K,*0 K0(2$ ,9/ < ?

! / < ?,/54,02 +=$+ +=0 /$(>,-$4 )+,4,+% "9 *"-2)/5+,"- ,-*(0$202 ?,+= (0$4 *$2=

="4#,->2

! !=0(09"(0& B"-0% >("?+= 2="*@ #05(02202 (0$4 /"-0% ="4#,->2. 4"?0(2 /$(:

>,-$4 )+,4,+% "9 *"-2)/5+,"- $-# ,-*(0$202 +=0 #0/$-# 9"( 40,2)(0 L4"?0(2 4$8"(

2)554%M


37/42


38/42

B66#0/'D : 9)/3:9&) )0/ S4B

! ;" +=0 /$,- (02)4+2 $8"K0 #050-# *()*,$44% "- +=0 /"#04,-> "9 $ /"+,K0 9"(

="4#,-> /"-0%R

! S I),*@ *"/5$(,2"- ?,+= PCS

! [0 $22)/0 +=$+ >""#2 /$(@0+2 "50- 809"(0 $220+ /$(@0+2 $-# ?(,+0 +=0 PCS

*"-2+($,-+ $2&

)"%" $ '"$G"(

%" $ '"()"$+"


39/42

! !=0 =")20="4#2N 5("840/ *$- 80 9"(/)4$+0# $2&

! #-&/&'& ! *+,"$ #%& %& :& $#! #-'& /'& ''$%2" ' %$-' $

''

) $

/'

)$

1#-& :& $+$ #%& ,& -$#% $.&%& /

) $

'

)

' % $ '()$+

! 3"+,*0 +=$+ *"-2)/5+,"- ,2 $ ]*$2= >""#^. ?=,40 ,-K02+/0-+ $-# 40,2)(0 $(0

]*(0#,+ >""#2^

! [0 40+ 3#0-"+0 +=0 /)4+,54,0( "- +=0 8)#>0+ *"-2+($,-+. $-# H+=0 /)4+,54,0(

"- +=0 PCS *"-2+($,-+ ?=,*= ?0 $22)/0 ,2 8,-#,->


40/42

! !=0 O(2+:"(#0( *"-#,+,"-2 $(0&

% ' $% #%& %& :& !3$H

: ' $9#%& %& :& !31: #-& :&

-' ' #!-'#

-'& /'& ''$

! 3

/' ' #!/' #-'& /'& ''

$! 3

%

)

'' ' #!''#

-'& /'& ''$

! 3%

)

$-# +=0 0-K04"50 *"-#,+,"-2 $(0&

- ' !-#-&/&'& !3 11-#-& :& $ #% & ,&2

/ ' !/ #-&/&'& !3% $.&%

)

' ' !' #-&/&'& !3%

)$H

%

)


41/42

! P"/8,-,-> +=0/ >,K02 )2 +=$+&

%& 9 ' $9 #%& %& :&

$% #%& %& :&& H!1: #-& :&

%& /' ' 1$% #%& %& :&& H2%

)!#

&$%#

%'& :'$& H'

' % $.)'

%& -' ' 1$% #%& :&& H2 !#

&$%

#%'& :'

$& H'

' &1- #

-'& :'

$$ #% & ,&

'%& '' ' 1$% #%& :&& H2%)

!#$% #%'& :'$ %)'

! 3"+,*0 +=$+& PCS *"-2+($,-+ #,2+"(+2 +=0 40,2)(0:*"-2)/5+,"- *=",*0 $2 ,- +=0

/"#04 $8"K0 : =0-*0. /"-0% ,2 0$& 2)50(-0)+($4

! F$# ?0 $22)/0# 07">0-")2 4$8"( 2)554%. /"-0% ?")4# 80 2)50(-0)+($4 $2 ,-

+=0 5(0K,")2 /"#04


42/42

! C+ ,2 $>$,- 2+($,>=+9"(?$(# +" 2="? +=$+ /"-0% ,2 -0)+($4

! P"/8,-0 +=0 XN-# $-# ZN+= *"-#,+,"-2 $8"K0 +" >0+ +=$+&

#&

$%#

%'& :'$& H'

' % $.)'

! #$%#

%'& :'$ %

)'

H !

.&%% $.&%$% #%& :&

! !=0(09"(0. $2 #,2*)220# 0$(4,0(. ?=0- +=0 -"/,-$4 ,-+0(02+ ($+0 ,2 5"2,+,K0. +=0

PCS *"-2+($,-+ ,2 8,-#,->J

Macro Money

Documents

Transcript of Macro Money