$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.)
$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.)
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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