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2. Assume that there are 6 billion currency in circulation, 10 billion total deposits, 300 million excess reserves, and a legal deposit reserve ratio of

2. Assume that there are 6 billion currency in circulation, 10 billion total deposits, 300 million excess reserves, and a legal deposit reserve ratio of 10%.

a. Calculate cash ratio, excess reserve ratio, currency multiplier, base currency and money supply.

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