Business, 22.04.2020 23:57, louie3096

The economy of Elmendyn contains 900 $1 bills. If people hold all money as currency, the quantity of money is $ . If people hold all money as demand deposits and banks maintain 100 percent reserves, the quantity of money is $ . If people hold equal amounts of currency and demand deposits and banks maintain 100 percent reserves, the quantity of money is $ . If people hold all money as demand deposits and banks maintain a reserve ratio of 12.5 percent, the quantity of money is $ . If people hold equal amounts of currency and demand deposits and banks maintain a reserve ratio of 12.5 percent, the quantity of money is $ .

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The economy of Elmendyn contains 900 $1 bills. If people hold all money as currency, the quantity of...