Refer to table below. Suppose that the Fed had decided to set the US. money supply in December 1932 and in December 1933 at the same value as in December 1930. a. Assuming that the values of currency held by the public and the resenrve-deposit ratio had remained as given in the table, what should the values of bank reserves be to reach the stated target for the U.S. money supply? Instruction: Enter all responses rounded to two decimal places. Currency held Reserve-deposit by public Actual Bank Money Supply 5 44.1 billion s 3.79 billion $ 44.1 billion s 4.82 billion ratio reserves Needed Bank reserves $ 3.31 billion s 3.18 billion $ 3.45 billion December 1938 e.082 $ 3.31 billion December 1932 0.109 billion December 1933 $ 44.1 billion s 4.85 billion 0.133 billion

Refer to table below. Suppose that the Fed had decided to set the US. money supply in December 1932 and in December 1933 at the same value as in December 1930. a. Assuming that the values of currency held by the public and the resenrve-deposit ratio had remained as given in the table, what should the values of bank reserves be to reach the stated target for the U.S. money supply? Instruction: Enter all responses rounded to two decimal places. Currency held Reserve-deposit by public Actual Bank Money Supply 5 44.1 billion s 3.79 billion $ 44.1 billion s 4.82 billion ratio reserves Needed Bank reserves $ 3.31 billion s 3.18 billion $ 3.45 billion December 1938 e.082 $ 3.31 billion December 1932 0.109 billion December 1933 $ 44.1 billion s 4.85 billion 0.133 billion

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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