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You are given the following information about the economy of ABC Nation: The people and businesses in ABC Nation have bank deposits of $400 billion
You are given the following information about the economy of ABC Nation: The people and businesses in ABC Nation have bank deposits of $400 billion and hold $70 billion in notes and coins. The banks hold deposits at the ABC central bank of $4 billion and they keep $4 billion in notes and coins in their vaults and ATlvls. Calculate: a) The monetary base. b) The quantity of money c)_The banks' reserve ratio
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