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Determine the following values. Bank reserves are 200, the public holds 200 in currency, and the desired reserve-deposit ratio is 0.25. Find deposits and the
Determine the following values. Bank reserves are 200, the public holds 200 in currency, and the desired reserve-deposit ratio is 0.25. Find deposits and the money supply. The money supply is 650 and currency held by the public equals bank reserves. The desired reserve-deposit ratio is 0.25. Find currency held by the public and bank reserves. The money supply is 1500, of which 400 is currency held by the public. Bank reserves are 110. Find the desired reserve-deposit ratio. Instructions: Round your answer to 1 decimal place
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