Top Posters
Since Sunday
5
a
5
k
5
c
5
B
5
l
5
C
4
s
4
a
4
t
4
i
4
r
4
Home Q & A Board Other Fields Homework Help Business Economics
New Topic  
★ѕραndavir ★ѕραndavir
wrote...
Go to Answer
Posts: 1046
Rep: 0 0
6 years ago
The stock of high-powered money in the economy is $80 billion. The bank reserve-holding ratio is 0.12 and the public wishes to hold 10% of its deposits as cash. The money supply will be approximately
A) $363 billion assuming the 80 billion of high-powered money is held by banks.
B) $400 billion assuming the 80 billion of high-powered money is held by the Fed or in bank vaults.
C) $327 billion assuming the 80 billion of high-powered money is not held by the Fed or in bank vaults.
D) $425 billion assuming the 80 billion of high-powered money is held by banks.
Textbook 
Macroeconomics

Macroeconomics


Edition: 12th
Author:
Read 58 times
2 Replies
Replies
Answer verified by a subject expert
thecromthecrom
wrote...
#1
Top Poster
Posts: 1026
Rep: 13 0
6 years ago
Sign in or Sign up in seconds to unlock everything for free
More solutions for this book are available here
1

Related Topics

wrote...
#2
5 years ago
You literally helped me pass my economics class!
New Topic      
Quick Reply
Explore
Post your homework questions and get free online help from our incredible volunteers
  1294 People Browsing
Start New Topic Take the Tour CoursesNew Study Tools Topics Trending Browse by Textbook
Live Chat
Related Images
  
 266
  
 414
  
 382
Your Opinion
Who will win the 2024 president election?
Votes: 3
Closes: November 4
Previous poll results: Which industry do you think artificial intelligence (AI) will impact the most?