VPN 482 d 90:6 Suppose that the stataistics for the economy as a whole(in billion of TLs) are as follows: Currency Reserves held by banks 100 200 Demand deposits held at banks 800 Time deposits held at banks Excess reserves held by banks 1200 40 If required reserve ratio on demand deposits is 20%, what is the value of M1 money multiplier? |||

Economics (MindTap Course List)
13th Edition
ISBN:9781337617383
Author:Roger A. Arnold
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Chapter12: Money, Banking And The Financial System
Section12.3: How Banking Developed
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VPN 482
d 90:6
Suppose that the stataistics for the economy as a whole(in billion of
TLs) are as follows:
Currency
Reserves held by banks
100
200
Demand deposits held at banks 800
Time deposits held at banks
Excess reserves held by banks
1200
40
If required reserve ratio on demand deposits is 20%, what is the
value of M1 money multiplier?
|||
Transcribed Image Text:VPN 482 d 90:6 Suppose that the stataistics for the economy as a whole(in billion of TLs) are as follows: Currency Reserves held by banks 100 200 Demand deposits held at banks 800 Time deposits held at banks Excess reserves held by banks 1200 40 If required reserve ratio on demand deposits is 20%, what is the value of M1 money multiplier? |||
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