Question
Refer to the last 2 columns of Table 1 here. https://www.federalreserve.gov/releases/h3/current/default.htm (Links to an external site.) For February 2020 and April 2020 find the amounts
Refer to the last 2 columns of Table 1 here.
https://www.federalreserve.gov/releases/h3/current/default.htm (Links to an external site.)
For February 2020 and April 2020 find the amounts of required reserves (R) and excess reserves (E).
February 2020
Required reserves (Millions of dollars):
Excess reserves (Millions of dollars):
April 2020
Required reserves (Millions of dollars):
Excess reserves (Millions of dollars):
Refer to Table 5 here.
https://www.federalreserve.gov/releases/h6/current/default.htm (Links to an external site.)
For February 2020 and April 2020 find the amounts of currency in circulation (C) and demand deposits and other checkable deposits (D).
February 2020
Currency in circulation (Billions of dollars):
Demand deposits and other checkable deposits (Billions of dollars):
April 2020
Currency in circulation (Billions of dollars):
Demand deposits and other checkable deposits (Billions of dollars):
Find the following for February 2020 and April 2020. The answers submitted should be rounded to 3 decimals.
February 2020:
Currency to deposit ratio (C/D) =
Required resrve ratio (R/D) =
Excess reserve ratio (E/D) =
M1 Money Multiplier =
April 2020:
Currency to deposit ratio (C/D) =
Required resrve ratio (R/D) =
Excess reserve ratio (E/D) =
M1 Money Multiplier =
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