RTDA: Exercise 1Question Help

Real-Time Data AnalysisExercise*

*Real-time data provided by Federal Reserve Economic Data(FRED), Federal Reserve Bank of Saint Louis.

This exercise requires data from the St. Louis Federal Reserve FRED database on the followingvariables:

Variable

Series ID

Currency

CURRNS

Total Checkable Deposits

TCDSL

Total Reserves

RESBALNS

Required Reserves

RESBALREQ

Click the following link to access the currency data from FRED. LOADING...

Calculate the value of the currency depositratio, c.

The currency deposit ratio on June 01, 2020 was

0.55

0.55. (Enter your response rounded to two decimalplaces.)

After determining the amount of excessreserves, calculate the value of the excess reservesratio, er.

The excess reserves ratio on June 01, 2020 was

nothing

. (Enter your response rounded to two decimalplaces.)

Enter your answer in the answer box and then click Check Answer.