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Q25-1 D 8 pts Question 25 Suppose that the required reserve ratio is 11%, currency in circulation is $800 billion, the amount of checkable deposits

Q25-1
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D 8 pts Question 25 Suppose that the required reserve ratio is 11%, currency in circulation is $800 billion, the amount of checkable deposits is $920 billion, and excess reserves are $25 billion. a) Calculate the money supply, the currency deposit ratio, the excess reserve ratio, and the money multiplier. (4 marks)

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