Mathematics, 21.08.2020 21:01, kenyamaclark1847

Suppose that the required reserve ratio is 9%, currency in circulation is $620 billion, the amount of checkable deposits is $950 billion, and excess reserves are $15 billion. i. Calculate the money supply, the currency deposit ratio, the excess reserve ratio, and the money multiplier.

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Suppose that the required reserve ratio is 9%, currency in circulation is $620 billion, the amount o...