Question 11 The economy of Elmendyn contains 2.000 RM1 bills. (Please display the relevant calcul ations to support your answer.) a) If people hdd all money as currency, what is the quantity of money? b) If people hold all money as current account deposits and banks maintain 100 percent reserves, what is the quantity of money? c) If people hold equal amounts of currency and current account deposits and banks maintain 100 percent reserves, what is the quantity of money? d) If people hold all money as current account deposits and banks maintain a reserve ratio of 10 percent, what is the quantity of money? e) If people hold equal amounts of currency and current account deposits and banks maintain a reserve ratio of 10 percent, what is the quantity of money?

Question 11 The economy of Elmendyn contains 2.000 RM1 bills. (Please display the relevant calcul ations to support your answer.) a) If people hdd all money as currency, what is the quantity of money? b) If people hold all money as current account deposits and banks maintain 100 percent reserves, what is the quantity of money? c) If people hold equal amounts of currency and current account deposits and banks maintain 100 percent reserves, what is the quantity of money? d) If people hold all money as current account deposits and banks maintain a reserve ratio of 10 percent, what is the quantity of money? e) If people hold equal amounts of currency and current account deposits and banks maintain a reserve ratio of 10 percent, what is the quantity of money?

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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