ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN: 9780190931919
Author: NEWNAN
Publisher: Oxford University Press
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Bank A:
Reserves on hand $38,000
Deposit in the Fed $30,000
US government bonds $12,000
Checking account balances $120,000
Savings account balances $25,000

Bank B:
Reserves on hand $50,000
US government bonds $7500
Savings account balances $20,000
Checking account balances $100,000

In addition, people in this economy hold $8800 in cash, and all banks have the same reserve requirements we've used all semester.

Calculate this economy's monetary base, carefully following all numeric instructions.

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