Currency in Circulation (October 2020) 40.5 billion Nigerian currency Reserves (October 2020) 34.2 billion Nigeriancurrency M1 (October 2020) 2,465.9 billion Nigeriancurrency M2 (October 2020) 2,638.8 billion Nigeriancurrency Calculate the size of the actual money (M2) multiplier in October 2020. Round your answer to one decimal place. Nigeria's central bank, N. Bank, has not set a required reserve ratio (you can treat the required reserve ratio as 0%). Calcuate the excess reserve ratio for Norway in October 2020. Enter your answer in percent form without the percent sign. Round to one decimal place.
Currency in Circulation (October 2020) 40.5 billion Nigerian currency Reserves (October 2020) 34.2 billion Nigeriancurrency M1 (October 2020) 2,465.9 billion Nigeriancurrency M2 (October 2020) 2,638.8 billion Nigeriancurrency Calculate the size of the actual money (M2) multiplier in October 2020. Round your answer to one decimal place. Nigeria's central bank, N. Bank, has not set a required reserve ratio (you can treat the required reserve ratio as 0%). Calcuate the excess reserve ratio for Norway in October 2020. Enter your answer in percent form without the percent sign. Round to one decimal place.
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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100%
|
Currency in Circulation (October 2020) |
40.5 billion Nigerian currency |
|
Reserves (October 2020) |
34.2 billion Nigeriancurrency |
|
M1 (October 2020) |
2,465.9 billion Nigeriancurrency |
|
M2 (October 2020) |
2,638.8 billion Nigeriancurrency |
Calculate the size of the actual money (M2) multiplier in October 2020. Round your answer to one decimal place.
Nigeria's central bank, N. Bank, has not set a
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Money multiplier can be calculated by using the following formula.
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