Consider the following data: Currency ................................$ 100 billion Bank reserves ...........................200 billion Checkable deposits ..................800 billion Time
Question:
Consider the following data:
Currency ................................$ 100 billion
Bank reserves ...........................200 billion
Checkable deposits ..................800 billion
Time deposits ........................1,200 billion
Excess reserves ..........................40 billion
Calculate the values for the currency-to-deposit ratio, the ratio of total reserves to deposits, the monetary base, the money multiplier, and the M1 money supply.
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Related Book For
Money Banking And The Financial System
ISBN: 1801
3rd Edition
Authors: R. Glenn Hubbard, Anthony Patrick O'Brien
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