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You are given the following information about the economy of Nocoin: The banks have deposits of $300 billion, two thirds of which is in deposits with the central bank. Households and firms hold $30 billion in banknotes. There are no coins. calculate the monetary base, the quantity of money, the banks' reserve ratio (as a percentage), and the currency drain ratio (as a percentage).

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M9272748

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