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Calculate the values for the? currency-to-deposit ratio

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Problem 1: Calculate the values for the? currency-to-deposit ratio, the ratio of total reserves to? deposits, the monetary? base, the M1 money? multiplier, and the M1 money supply.

Currency values to use $620 billion

Checkable deposits ?$420 billion

Bank reserves?$420 billion

The? currency-to-deposit ratio is 1.48

The ratio of total reserves to deposits is 1.00

The monetary base equals ?$1040

The M1 money multiplier is 1

The M1 money supply is ?$1040

Reference no: EM132986406

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