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Which is the correct answer? Please show the calculations you used 9. There is monetary equilibrium in the economy. The total currency in the economy

Which is the correct answer? Please show the calculations you used

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9. There is monetary equilibrium in the economy. The total currency in the economy is $6 million, of which the public holds $4 million. The commercial banks' deposits at the Central Bank are $4 million and the money supply is $34 million. What is the reserve ratio of the commercial banks? A) 0.10. B) 0.15. C) 0.20. D) 0.25. E) None of the above

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