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In the economy of Robberia, the monetary base is $2300 . People hold 30% of their money in the
form of currency (and thus 70% as bank deposits). Banks hold 15% of their deposits in reserve.
Throughout this question, enter all answers to THREE places after the decimal. a. What are the
reserve-deposit ratio, the currency-deposit ratio, the money multiplier, and the money supply?
The reserve-deposit ratio equals The currency-deposit ratio equals The money multiplier equals
The money supply equals $

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In the economy of Robberia- the monetary base is $2300- People hold 30 (2).pdf

  • 1. In the economy of Robberia, the monetary base is $2300 . People hold 30% of their money in the form of currency (and thus 70% as bank deposits). Banks hold 15% of their deposits in reserve. Throughout this question, enter all answers to THREE places after the decimal. a. What are the reserve-deposit ratio, the currency-deposit ratio, the money multiplier, and the money supply? The reserve-deposit ratio equals The currency-deposit ratio equals The money multiplier equals The money supply equals $