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Business, 10.11.2021 21:10 JellalFernandes

Question 5. In the economy of Panicia, the monetary base is $1,000. People hold a third of their money in the form of currency (and thus two-thirds as bank deposits). Banks hold a third of their deposits in reserve. A. What are the reserve–deposit ratio, the currency–deposit ratio, the money multiplier, and the money supply?.

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Question 5. In the economy of Panicia, the monetary base is $1,000. People hold a third of their mon...
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