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Suppose the required reserve ratio is 15%, currency in circulation is $300 billion, the amount of checkable deposits is $450 billion, and excess reserves are
- Suppose the required reserve ratio is 15%, currency in circulation is $300 billion, the amount of checkable deposits is $450 billion, and excess reserves are $40.5 billion.
- Calculate the money supply. _________________
- Calculate the currency/deposit ratio. _________________
- Calculate the excess reserve ratio. _________________
- Calculate the money multiplier. _________________
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Venture Capital And The Finance Of Innovation
Authors: Andrew Metrick
1st Edition
0470074280, 9780470074282
