Amounts for the imaginary economy of delta

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Calculate the following amounts for the imaginary economy of Delta.

Please make sure your final answer(s) are accurate to 2 decimal places.

a) The money supply is $1,500, and currency held by the public equals bank reserves. The reserve ratio is 0.2. Find bank reserves.

Bank reserves =

$

b) The money supply is $3,300, of which $800 is currency held by the public. Bank reserves are $250. Find the reserve ratio.

Reserve ratio =

c) Bank reserves are $200, the public holds $1,150 in currency, and the reserve ratio is 0.1. Find deposits and the money supply.

Reference no: EM132476461

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