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Use the following information to calculate the money multiplier, the bank deposit multiplier, and the money supply (broad money). Cash held by the public =
Use the following information to calculate the money multiplier, the bank deposit multiplier, and the money supply (broad money).
Cash held by the public = $600
Banks reserves = $900
Banks hold cash reserves of 5% of deposits
The private sector holds cash in circulation of 3.333% of deposits
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Financial Accounting A Critical Approach
Authors: John Friedlan
4th edition
1259066525, 978-1259066528
