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The economy of Yorkland contains 4,000 $1 bills If people hold all money as currency, what is the quantity of money (money supply)? If people
The economy of Yorkland contains 4,000 $1 bills
- If people hold all money as currency, what is the quantity of money (money supply)?
- If people hold all money as demand deposits and banks maintain 100 percent reserves, what is the quantity of money?
- If people hold equal amounts of currency and demand deposits and banks maintain 100 percent reserves, what is the quantity of money?
- If people hold all money as demand deposits and banks maintain a reserve ratio of 20 percent, what is the quantity of money?
- If people hold equal amounts of currency and demand deposits and banks maintain a reserve ratio of 20 percent, what is the quantity of money?
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