Laws and regulations exist to define what unethical behavior is. However, the practicing of high-quality ethical behavior often goes beyond just meeting laws and regulations. Indicate how you would respond to the following situations.

To address the first part of your question:

In response to the first situation, I would consult with legal counsel or an ethics officer to determine if it is legal or ethical for me to purchase stock in the company based on the information that has been shared with me by my boss. Insider trading, or the use of non-public information to make investment decisions, is illegal and can result in severe consequences. Even if it is not illegal, it may still be considered unethical to use this information to gain an unfair advantage in the stock market. Therefore, it would be important to carefully consider the potential risks and consequences before making a decision.

In response to the second situation, I would first bring my concerns to the appropriate manager or supervisor, as well as any relevant regulatory bodies or authorities, to ensure that the issues with the company’s products are addressed and resolved. If my concerns are not addressed or resolved to my satisfaction, and if my personal values or moral beliefs are incompatible with the actions of the company, I may decide to resign from my job. However, I would consider all of my options and carefully weigh the potential risks and consequences before making a final decision.

To address the second part of your question:

The size of the M1 money supply can be calculated as follows: M1 = Currency + Money market mutual funds + Demand deposits + Other checkable deposits + Traveler’s checks = $700 billion + $2,000 billion + $300 billion + $300 billion + $10 billion = $3,310 billion

To address the third part of your question:

The size of the M1 money supply can be calculated as follows: M1 = Currency + Demand deposits + Other checkable deposits = $1 million + $30 million + $15 million + $25 million = $71 million The size of the M2 money supply can be calculated as follows: M2 = M1 + Savings accounts at depository institutions + Retail money market mutual funds = $71 million + $60 million + $40 million = $171 million The size of the M3 money supply can be calculated as follows: M3 = M2 + Large-denomination time deposits + Institutional money market mutual funds = $171 million + $50 million + $65 million = $286 million