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Use the following data to answer the below question. Required reserve ratio is 10% Checkable deposits $900 Savings Deposits $181 Total reserves $188 Currency held
Use the following data to answer the below question.
Required reserve ratio is 10%
Checkable deposits $900
Savings Deposits $181
Total reserves $188
Currency held by the public $139
What is the level of required reserves? $90
What is the level of excess reserves? $98
What is the value of the monetary base $ 327
What is the currency ratio? (round to 2 decimals) 0.15
What is the money multiplier? (round to 2 decimals)
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