Business, 30.03.2020 22:15 jennainglish

In Macroland there is $12,000,000 in currency. The public holds half of the currency and banks hold the rest as reserves. If banks' desired reserve/deposit ratio is 12.5 percent, deposits in Macroland equal and the money supply equals .

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In Macroland there is $12,000,000 in currency. The public holds half of the currency and banks hold...

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