4. a)A countrys bank reserves are $150, the public holds Page 239 $200 in currency and the...
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4. a)A country’s bank reserves are $150, the public holds Page 239 $200 in currency and the desired reserve–deposit ratio is 0.25. Find its deposits and the money supply. b)A country’s money supply is $700 and currency held by the public equals bank reserves. The desired reserve–deposit ratio is 0.25. Find currency held by the public and bank reserves. c)A country’s money supply is $1250, of which $250 is currency held by the public. Bank reserves are $110. Find the desired reserve–deposit ratio. LO 9.4 EASY
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