In Macroland there is $6,000,000 in currency. The public holds 60% of the currency and banks hold the rest as reserves. If banks' desired reserve/deposit ratio is 25.0 percent, deposits in Macroland equal_ and the money supply equals i Multiple Choice $24,000,000, $24,000,000 $14,400,000 $16,800,000 $14,400.000, $20,400,000 $16.800,000 $16.800.000
In Macroland there is $6,000,000 in currency. The public holds 60% of the currency and banks hold the rest as reserves. If banks' desired reserve/deposit ratio is 25.0 percent, deposits in Macroland equal_ and the money supply equals i Multiple Choice $24,000,000, $24,000,000 $14,400,000 $16,800,000 $14,400.000, $20,400,000 $16.800,000 $16.800.000
Chapter13: The Federal Reserve System
Section: Chapter Questions
Problem 8WNG
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In Macroland there is $6,000,000 in currency. The public holds 60% of the currency and banks hold the rest as reserves. If banks' desired reserve/deposit ratio is 25.0 percent, deposits in Macroland equal and the money supply equals Multiple Choice $24,000,000; $24,000,000 $14,400,000; $16,800,000 $14,400,000; $20,400,000 $16,800,000; $16,800,000
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