Question
In the following data table, calculate the amount of excess reserves and the monetary base and then use the table to answer the questions that
In the following data table, calculate the amount of excess reserves and the monetary base and then use the table to answer the questions that follow.
Category
Value
(Billions of Dollars)
Currency, C550.00Deposits, D200.00Reserves, R31.00Required Reserves, RR28.00Excess ReservesMonetary Base
Use the previous data table to fill in the missing cells in the following table. (Hint: Round to the nearest hundredth.)
Ratio
Value
Currency Ratio?
Required Reserves Ratio?
Excess Reserves Ratio?
Money Supply Multiplier,?
Based on your answers to the previous questions, the money supply is .?
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