Business, 15.04.2020 21:46 kiasiab17

The economy of Elmendyn contains 2,000 $1 bills. a. If people hold all money as currency, the quantity of money is $ . b. If people hold all money as demand deposits and banks maintain 100 percent reserves, the quantity of money is $ . c. If people hold equal amounts of currency and demand deposits and banks maintain 100 percent reserves, the quantity of money is $ . d. If people hold all money as demand deposits and banks maintain a reserve ratio of 25 percent, the quantity of money is $ . e. If people hold equal amounts of currency and demand deposits and banks maintain a reserve ratio of 25 percent, the quantity of money is $ .

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The economy of Elmendyn contains 2,000 $1 bills. a. If people hold all money as currency, the quanti...

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