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As of January 12, 2021, the M1 money stock was $6623 billion, currency in the hands of the public was $1971.0 billion, and the monetary

  1. As of January 12, 2021, the M1 money stock was $6623 billion, currency in the hands of the public was $1971.0 billion, and the monetary base was $5,206 billion. What is the money multiplier and the reserves to deposit ratio? (Show your calculations) (10)

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