Hypothetical country has 130 in currency 520 in reserves, Ask an Expert

Economics

Hypothetical Country has $130 in currency, $520 in reserves, and $910 in deposits. There are no excess reserves. Use this information to answer the following questions. Enter your answers in decimal form rounded to two decimal places.

Calculate the money multiplier.

Calculate the reserve ratio. Use decimal number as an answer.

Calculate money supply M1.

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M92195769

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