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Assume the following: i. The public holds no currency. ii. The mtio of reserves to deposits (9) is 0.08. iii. The demand for money is

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Assume the following: i. The public holds no currency. ii. The mtio of reserves to deposits (9) is 0.08. iii. The demand for money is given by Md = $Y(0.83 - 2.9i). Initially, the monetary base (H ) is $66 billion, and nominal income ($Y) is $4,300 billion. Calculate the demand function for central bank money: H"=( )>

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