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6. (Points: 10) Go to the St. Louis Federal Reserve FRED Database and find the most recent data available on currency (CURRNS), Total Checkable Deposits,

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6. (Points: 10) Go to the St. Louis Federal Reserve FRED Database and find the most recent data available on currency (CURRNS), Total Checkable Deposits, Total Reserves (RESBALNS) and Required Reserves (RESBALREQ). Calculate the value of the currency deposit ratio and the excess reserve ratio. Using rr = 10%, compute the value of the money multiplier. How does it compare to the value in the chart in

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