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11 Dec 2019
The economy of elmendyn contains 900 $1 bills:
If people hold all money as currency, the quantity of money is $__________.
If people hold all money as demand deposits and banks maintain 100 percent reserves, the quantity of money is $__________.
If people hold equal amounts of currency and demand deposits and banks maintain 100 percent reserves, the quantity of money is $__________.
If people hold all money as demand deposits and banks maintain a reserve ratio of 12.5 percent, the quantity of money is $__________.
If people hold equal amounts of currency and demand deposits and banks maintain a reserve ratio of 12.5 percent, the quantity of money is $__________.
The economy of elmendyn contains 900 $1 bills:
If people hold all money as currency, the quantity of money is $__________.
If people hold all money as demand deposits and banks maintain 100 percent reserves, the quantity of money is $__________.
If people hold equal amounts of currency and demand deposits and banks maintain 100 percent reserves, the quantity of money is $__________.
If people hold all money as demand deposits and banks maintain a reserve ratio of 12.5 percent, the quantity of money is $__________.
If people hold equal amounts of currency and demand deposits and banks maintain a reserve ratio of 12.5 percent, the quantity of money is $__________.
Alice SejakeLv10
8 Mar 2021
