Assume that the following data describe the condition of a, Ask an Expert

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Assume that the following data describe the condition of a banking system.

Total reserves $200 billion, Transaction deposits $800 billion, Cash held by public is $400 billion, Reserve requirement .20.

How large is the money supply (M1)?--------------

How large are required reserves?--------------

How large are excess reserves?--------------

By how much could the banks increase their lending activity? -------------

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M91371672

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