Figure 5: 2020 Monetary data from the School of Monetary, University of the LOVE Monetary item Values Notes and coins in circulation $5 millions All the notes and coins issued by the central bank $7 millions Demand deposits $12 millions Short-term deposits (less than 6 months) $20 millions Long-term deposits (more than 6 months) $36 millions COEC121A - Take-home Test Paper D1 2020 | V1.0 Page 4 of 11 Consumer credit card outstanding balances $15 millions Estimated velocity of circulation 150 times a year Estimated quantity of money $20 millions Price index at year 2020 125 Estimated currency drain ratio 0.25 Estimated desired reserve ratio 0.15