Business
Business, 21.11.2019 06:31, babyissy2016

Suppose in an economy, the currency in circulation is $5,000, the vault cash is $500, the checkdeposit is $10,000, the required reserve ratio is $10%, and the deposit of commercial banks atthe federal reserve is $1,000.1. calculate what is amount of the money supply? 2. calculate what is the amount of the money base? 3. calculate what is the amount of the required reserve and what is the amount of the excessreserve?

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Suppose in an economy, the currency in circulation is $5,000, the vault cash is $500, the checkdepos...

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