Based on the information in the table, the total amount of bank deposits decreased from to --- over the course of 1932 = Currency held by public (in billions) $ 4.59 Money supply (in billions) Reserve-deposit ratio Bank reserves (in billions) December 1931 $ 3.11 $ 37.3 0.095 December 1932 $ 4.82 $ 3.18 $ 34.0 0.109 a. $37.3 billion; $32.7 billion b. $32.7 billion; $29.2 billion c. 34.2 billion; $30.8 billion d. $37.3 billion; $34.0 billion
Based on the information in the table, the total amount of bank deposits decreased from to --- over the course of 1932 = Currency held by public (in billions) $ 4.59 Money supply (in billions) Reserve-deposit ratio Bank reserves (in billions) December 1931 $ 3.11 $ 37.3 0.095 December 1932 $ 4.82 $ 3.18 $ 34.0 0.109 a. $37.3 billion; $32.7 billion b. $32.7 billion; $29.2 billion c. 34.2 billion; $30.8 billion d. $37.3 billion; $34.0 billion
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Transcribed Image Text:Based on the information in the table, the
total amount of bank deposits decreased
from
to
-- over the course
of 1932 =
Currency held by public (in
billions)
Reserve-deposit
ratio
Bank reserves (in
billions)
Money supply (in
billions)
December
1931
$ 4.59
$ 3.11
$ 37.3
0.095
December
1932
$ 4.82
$ 3.18
$ 34.0
0.109
a. $37.3 billion; $32.7 billion
b. $32.7 billion; $29.2 billion
c. 34.2 billion; $30.8 billion
d. $37.3 billion; $34.0 billion
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