Macroeconomics 11th Edition by Michael Parkin

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).