ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN: 9780190931919
Author: NEWNAN
Publisher: Oxford University Press
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Question
Suppose the total reserves held by banks amount to R13.09 million. Banks hold R1 in excess
reserves for every R10 of
total amount of currency = R60 million. Calculate the amount of required reserves, and total
amount of deposits held by banks, and the total amount of money supply in the system.
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