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Business, 03.08.2021 22:00 emma8292

g Suppose the required reserve ratio is 8%, currency in circulation is $500 billion, checkable deposits are $1000 billion, and excess reserves are $20 billion. a. (9 points) Calculate the money multiplier, the currency deposit ratio, and the excess reserve ratio. b. (5 points) If the Fed sells $600 billion of bonds and the ratios in part a remain the same, what is the effect on the money supply

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