Question
Currency $680 billion Checkable deposits $480 billion Bank reserves $480 billion The monetary base equals _______ billion.(Enter your response as an integer.) The M1 money
| Currency | $680 billion |
| Checkable deposits | $480 billion |
| Bank reserves | $480 billion |
The monetary base equals _______ billion.(Enter your response as an integer.)
The M1 money multiplier is_________
The M1 money supply is __________ billion.
b. Suppose that the ratio of total reserves to deposits changes from the value you calculated in part (a) to 2. (Assume that the currency-to-deposit ratio remains the same.) Now what is the value of the money multiplier?
The money multiplier is _______
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Income Tax Fundamentals 2013
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
31st Edition
1111972516, 978-1285586618, 1285586611, 978-1285613109, 978-1111972516
