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If the required reserve ratio is 15 percent, currency in circulation is $400 billion, checkable deposits are $800 billion, and excess reserves total $0.8 billion
If the required reserve ratio is 15 percent, currency in circulation is $400 billion, checkable deposits are $800 billion, and excess reserves total $0.8 billion a. Calculate the M1 Money Multiplier b. If the Monetary Base now increases by $275 billion, how much would Money Supply increase by?
If the required reserve ratio is 15 percent, currency in circulation is $400 billion, checkable
deposits are $800 billion, and excess reserves total $0.8 billion
a. Calculate the M1 Money Multiplier
b. If the Monetary Base now increases by $275 billion, how much would Money
Supply increase by?
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