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Consider the following data: Currency = Bank Reserves = Checkable deposits = Time deposits = Excess Reserves = $100 billion 200 billion 800 billion 1,200
Consider the following data:
Currency = Bank Reserves = Checkable deposits = Time deposits = Excess Reserves =
$100 billion 200 billion 800 billion
1,200 billion 40 billion
Calculate the values for the currency-to-deposit ratio, the ratio of total reserves to deposits, the monetary base, the money multiplier, and the M1 money supply.
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