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Question

The money multiplier

In the following data table, calculate the amount of excess reserves and the monetary

base and then use the table to answer the questions that follow.

Category

Value

(Billions of Dollars)

Currency, C 450.00

Deposits, D 400.00

Reserves, R 49.00

Required Reserves, RR 46.00

Excess Reserves

$

Monetary Base

Top Answer

Excess reserve is $3... View the full answer

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