Calculate the values for the currency-to-deposit ratio

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1. What would be the value of the M1 money multiplier if banks hold no excess reserves, the currency-to-deposit ratio is 1, and the required reserve ratio for checkable deposits is 100%?

2. Consider the following data:

2164_29d8a762-7ce2-42c5-baae-c0b1e097ea3d.png

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.

Reference no: EM131303954

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