
Macroeconomics 11th Edition by Michael Parkin
النسخة 11الرقم المعياري الدولي: 9780133423884
Macroeconomics 11th Edition by Michael Parkin
النسخة 11الرقم المعياري الدولي: 9780133423884 تمرين 29
Use the following information to work Problem.
In the economy of Nocoin, banks have deposits of $300 billion. Their reserves are $15 billion, two thirds of which is in deposits with the central bank. Households and firms hold $30 billion in bank notes. There are no coins!
Calculate the banks' desired reserve ratio and the currency drain ratio (as percentages).
In the economy of Nocoin, banks have deposits of $300 billion. Their reserves are $15 billion, two thirds of which is in deposits with the central bank. Households and firms hold $30 billion in bank notes. There are no coins!
Calculate the banks' desired reserve ratio and the currency drain ratio (as percentages).
التوضيح
The banks' desired reserve ratio ( DSR )...
Macroeconomics 11th Edition by Michael Parkin
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