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johnpaul92 johnpaul92
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8 years ago
Last year, the currency-deposit ratio was 0.2 and the reserve-deposit ratio was 0.2. Over the past year, the public changed its currency-deposit ratio, to which the Fed responded by reducing the reserve-deposit ratio to 0.15, to keep the money supply from changing and keeping the same monetary base. Calculate the new currency-deposit ratio. Show your work.
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Macroeconomics

Macroeconomics


Edition: 8th
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supamansupaman
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8 years ago
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johnpaul92 Author
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#2
8 years ago
This answers my question, thank you so much
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#3
8 years ago
Take care for now
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