a. The money supply in China is CNY 136,000 billion, currency held by the public is CNY

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a. The money supply in China is CNY 136,000 billion, currency held by the public is CNY 35,500, and the reserve-deposit ratio is \(17.5 \%\) or 0.175 . Find deposits, bank reserves, the monetary base, and the money multiplier.

b. In India, vault cash is INR 1,000 billion, deposits by depository institutions at the central bank are INR 14,000 billion, the monetary base is INR 48,000 billion, and bank deposits are INR 75,000 billion. Find the bank reserves, the money supply, and the money multiplier.

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Macroeconomics

ISBN: 9780134167398

9th Edition

Authors: Andrew B. Abel, Ben Bernanke, Dean Croushore

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