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QUESTION FOUR GHC1500m, excess a) Given that the Bank of Ghana (BOG) has set a required requirement ratio of 10%, currency in circulation (C)
QUESTION FOUR GHC1500m, excess a) Given that the Bank of Ghana (BOG) has set a required requirement ratio of 10%, currency in circulation (C) GHC700m, demand deposit (D) reserve (ER) GHC1.5m and money-supply (M1) C+D=GHC2200m. i. Calculate the currency ratio ii.Calculate the excess reserve ratio 2 marks 2 marks 2 marks b) Explain the theories behind the term structure of interest. 9 marks iii. Calculate the money multiplier
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Smith and Roberson Business Law
Authors: Richard A. Mann, Barry S. Roberts
15th Edition
1285141903, 1285141903, 9781285141909, 978-0538473637
