Suppose that the federal reserves balance sheet, Ask an Expert

Finance

Suppose that the Federal Reserve's balance sheet contains:

Total assets (with float appearing as an asset) = $600

Treasury deposits = $45

Foreign and Other deposits = $20

Other Federal Reserve liabilities and capital accounts = $30

In addition, suppose that Treasury currency in circulation totals $50, and that the money multiplier is 2.4. What is the money supply?

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