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The monetary base is $5 trillion, the currency-deposit ratio is 15%, and the reserve-deposit ratio is 25%. (a) Calculate the money multiplier. (b) Calculate the
The monetary base is $5 trillion, the currency-deposit ratio is 15%, and the reserve-deposit ratio is 25%.
(a) Calculate the money multiplier.
(b) Calculate the money supply.
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Power And Plenty Trade, War, And The World Economy In The Second Millennium
Authors: R Findlay, Ronald Findlay
1st Edition
0691143277, 9780691143279
