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4. Suppose the required reserve ratio is 9%, currency in circulation is $700 billion, the amount of checkable deposits is $930 billion, and excess reserves

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4. Suppose the required reserve ratio is 9%, currency in circulation is $700 billion, the amount of checkable deposits is $930 billion, and excess reserves are $230 billion. a. Calculate the money supply. b. Calculate the currency/deposit ratio. c. Calculate the excess reserve ratio. d. Calculate the money multiplier

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