T
tan s
Guest
given that
Required reserve ratio =0.45
Currency in circulation = 900mil
demand deposit = 650mil
excess reserves = 10mil
(1) calculate monetary base(MB) and simple deposit multiplier
(2) if there is an increase in the demand deposit by 200million, what is the change in required reserve
(3)calculate the money multiplier
help me pls tq
Required reserve ratio =0.45
Currency in circulation = 900mil
demand deposit = 650mil
excess reserves = 10mil
(1) calculate monetary base(MB) and simple deposit multiplier
(2) if there is an increase in the demand deposit by 200million, what is the change in required reserve
(3)calculate the money multiplier
help me pls tq