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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? |||

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? |||

Macroeconomics: Private and Public Choice (MindTap Course List)
Macroeconomics: Private and Public Choice (MindTap Course List)
16th Edition
ISBN:9781305506756
Author:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
Publisher:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
Chapter13: Money And The Banking System
Section: Chapter Questions
Problem 2CQ
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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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