Question
If the required reserve ratio is 10 percent, monetary baseis $480.80 billion, checkable deposits are $800 billion, and excess reserves total $0.8 billion, then the
If the required reserve ratio is 10 percent, monetary baseis $480.80 billion, checkable deposits are $800 billion, and excess reserves total $0.8 billion, then the currency ratio is
A.0.50.
B.0.05.
C.0.25.
D.0.40.
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Analysis for Financial Management
Authors: Robert C. Higgins
10th edition
007803468X, 978-0078034688
