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SOLVED: Suppose that: required reserve ratio 0.20 c = CID currency ratio 0.45 ERD excess reserve ralio 0.01 MB = the monetary base S3,000 billion 1+c Given that the formula for the
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Solved] In country Panicia, the monetary base is $1,000. People hold a third of their money in the form of currency (and thus two-thirds as bank dep... | Course Hero
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