12. Problems and Applications Q12 The economy of Elmendyn contains 2,000 $1 bills. If people hold all money as currency, the quantity of money is $ If people hold all money as demand deposits and banks maintain 100 percent reserves, the quantity of money is | $ If people hold equal amounts of currency and demand deposits and banks maintain 100 percent reserves, the quantity of money is $ If people hold all money as demand deposits and bani's maintain a reserve ratio of 25 percent, the quantity of money is $ If people hold equal amounts of currency and demand deposits and banks maintain a reserve ratio of 25 percent, the quantity of money is Grade It Now Save & Continue Continue without saving