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Click Submit to complete this assessment Question 38 of 38 Question 38 3 points (Extra Credit) The M1 money supply of an economy is $4000

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Click Submit to complete this assessment Question 38 of 38 Question 38 3 points (Extra Credit) The M1 money supply of an economy is $4000 billion. The required reserve ratio is 10%. The amount of checkable deposits in the banking system is 51.850 billion. The banking system is ha Iding $450 billion in excess reserves. The economy has a total of 5060 billion in borrowed reserves and 5670 billion in nonborrowed reserves What is the amount of currency in crculation in billions of 57 Round your answer to at least 2 decimal places. 51,234,567,090 should be entered as 123)

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