$150 billion Currency Bank reserves Checkable deposits Time deposits $400 billion $1,200 billion $2,400 billion $60 billion Excess reserves Calculate the values for the currency-to-deposit ratio, the ratio of total reserves to deposits, the monetary base, the M1 money multiplier, and the M1 money supply. The currency-to-deposit ratio is |. (Enter your response rounded to two decimal places.)

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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Currency
$150 billion
$400 billion
$1,200 billion
Bank reserves
Checkable deposits
Time deposits
$2,400 billion
$60 billion
Excess reserves
Calculate the values for the currency-to-deposit ratio, the ratio of total reserves to deposits, the monetary base, the M1 money multiplier, and the M1 money supply.
The currency-to-deposit ratio is
|. (Enter your response rounded to two decimal places.)
Transcribed Image Text:Currency $150 billion $400 billion $1,200 billion Bank reserves Checkable deposits Time deposits $2,400 billion $60 billion Excess reserves Calculate the values for the currency-to-deposit ratio, the ratio of total reserves to deposits, the monetary base, the M1 money multiplier, and the M1 money supply. The currency-to-deposit ratio is |. (Enter your response rounded to two decimal places.)
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