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Q1. Suppose that the total currency in circulation (amongst non-bank public) is $100 m and the total (outstanding) checkable deposits with the banking system as

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Q1. Suppose that the total currency in circulation (amongst non-bank public) is $100 m and the total (outstanding) checkable deposits with the banking system as a whole is 5120 m. Assume that the required reserve ratio is 5%. What is the monetary base (M B) of the economy

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