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) Suppose that high powered money (H) H=Kes.20bn, currency deposit ratio (c) c=0.5 and the reserve deposit ratio(r) r=0.5. Calculate: i) Money multiplier m ii)
) Suppose that high powered money (H) H=Kes.20bn, currency deposit ratio (c) c=0.5 and the reserve deposit ratio(r) r=0.5. Calculate: i) Money multiplier m ii) Money supply M iii) Demand deposits iv) Currency outside bank Cp v) Total reserves
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Agricultural Economics
Authors: Evan Drummond, John Goodwin
3rd edition
136071929, 978-0136071921
