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The following figures are for thebanking system. Deposits at the central bank = 400 U.

The following figures are for the banking system.

Deposits at the central bank = 400

U.S. Government Securities = 600

Transactions Deposits = 1,700

Loans = 800

Stockholder's Equity = 70

Other Assets = 450

Other Liabilities = 380

Borrowing from the Federal Reserve = 250

Cash in the Vault = 150

The reserve ratio on transactions deposits = 10%

Currency in circulation = 10

The monetary base equals:



C.A multiple of 80


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