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The Agricolan monetary base is 1,000,000 florins The public always holds half its money as currency and half as deposits Banks hold 33% of deposits
The Agricolan monetary base is 1,000,000 florins The public always holds half its money as currency and half as deposits Banks hold 33% of deposits in the form of reserves. Starting with the initial creation of a monetary base that accompanies the purchase by the central bank of 1,000,000 ff worth of securities from the public, answer the following questions. (Hint: Don't forget that the public keeps only half its money in the form of bank deposits and the other half as currency) Fill in the consolidated balance sheet of the banks after they first receive deposits. (Enter all values rounded to the nearest whole number.) - Fill in the consolidated balance sheet of the banks after a first round of loans and redoposits Consolidated Balance Sheet of Banks ifl)
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