ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN: 9780190931919
Author: NEWNAN
Publisher: Oxford University Press
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In the following data table, calculate the amount of excess reserves and the monetary base and then use the table to answer the questions that
follow.
Category
Currency, C
Deposits, D
Reserves, R
Required Reserves, RR
Excess Reserves
Monetary Base
Value
(Billions of Dollars)
700.00
500.00
31.00
23.00
$8
$731
0.06
0.02
Use the previous data table to fill in 16.13 sing cells in the following table. (Hint: Round to the nearest hundredth.)
Ratio
Currency Ratio, k
Required Reserves Ratio, r
Excess Reserves Ratio, l'ex
Money Supply Multiplier, MsM
1.4
0.05
16.13
Based on your answers to the previous questions, the money supply is
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Transcribed Image Text:In the following data table, calculate the amount of excess reserves and the monetary base and then use the table to answer the questions that follow. Category Currency, C Deposits, D Reserves, R Required Reserves, RR Excess Reserves Monetary Base Value (Billions of Dollars) 700.00 500.00 31.00 23.00 $8 $731 0.06 0.02 Use the previous data table to fill in 16.13 sing cells in the following table. (Hint: Round to the nearest hundredth.) Ratio Currency Ratio, k Required Reserves Ratio, r Excess Reserves Ratio, l'ex Money Supply Multiplier, MsM 1.4 0.05 16.13 Based on your answers to the previous questions, the money supply is
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