Currency $200 billion Bank reserves $300 billion Checkable deposits $800 billion Time deposits $1,800 billion Excess reserves $60 billion

Calculate the values for the currency-to-deposit ratio, the ratio of total reserves to deposits, the monetary base, the M1 money multiplier, and the M1 money supply.

The currency-to-deposit ratio is 0.25. (Enter your response rounded to two decimal places.)

The ratio of total reserves to deposits is 0.38 . (Enter your response rounded to two decimal places.)

The monetary base is $ 500 billion. (Enter your response as an integer.)

The M1 money multiplier is . (Enter your response rounded to two decimal places.)

[Related to the Solved Problem] Consider the following data: Currency Bank reserves Checkable deposits Time deposits Excess reserves $200 billion $300 billion $800 billion $1,800 billion $60 billion Calculate the values for the currency-to-deposit ratio, the ratio of total reserves to deposits, the monetary base, the M1 money multiplier, and the M1 money supply. The currency-to-deposit ratio is 0.25. (Enter your response rounded to two decimal places.) The ratio of total reserves to deposits is 0.38. (Enter your response rounded to two decimal places.) The monetary base is $ 500 billion. (Enter your response as an integer.) X That's incorrect. The M1 money multiplier is 0.5. (Enter your response rounded to two decimal places.) The M1 money multiplier equals: (C/D)+1 (C/D)+D+ (ER/D) where rrp is the ratio of required reserves (bank reserves less excess reserves) to checkable deposits and (ER/D) is the ratio of excess reserves to checkable deposits. OK