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Solve it as soon as possible Last month, individuals and businesses held: Currency $ 400 billion checking deposits 3 9000 billion Saving deposits 3 40000
Solve it as soon as possible
Last month, individuals and businesses held: Currency $ 400 billion checking deposits 3 9000 billion Saving deposits 3 40000 billion Time deposits $ 4000 billion Building society deposits 3 2000 billion Last month, commercial banks held: Currency $ 3600 billion Resorves at the central bank '13 800 billion Loans to households and businesses $ 4800 billion Given the information in the tables above, answer the following questions: a. Calculate total deposits b. Calculate Ml measure of Money c. Calculate monetary base d. Calculate currency drain ratio e. Calculate M1 money multiplierStep by Step Solution
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