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In January 2021, we had the following data on US money supply: currency in circulation $2,094.3 billion, reserve balance $3,153.6 billion, and M1 $6,757.9 billion.
In January 2021, we had the following data on US money supply: currency in circulation $2,094.3 billion, reserve balance $3,153.6 billion, and M1 $6,757.9 billion. Which of the following statements is correct? Group of answer choices The currency-deposit ratio is close to 1. The money multiplier was 1.288. Monetary base was $2,094.3 billion. The balance of all transactional deposits was $3,604.3 billion
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