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The economy of Auburnia has 100,000 $1 bills. 6. If people hold all money as currency, how many dollars is the quantity
Posted: Sun Jun 05, 2022 12:03 pm
by answerhappygod
- The Economy Of Auburnia Has 100 000 1 Bills 6 If People Hold All Money As Currency How Many Dollars Is The Quantity 1 (23.09 KiB) Viewed 50 times
The economy of Auburnia has 100,000 $1 bills. 6. If people hold all money as currency, how many dollars is the quantity of money? 7. If people hold all money as demand deposits and banks maintain 100% reserves, how many dollars is the quantity of money? 8. If people hold equal amounts of currency and demand deposits and banks maintain 100% reserves, how many dollars is the quantity of money? 9. If people hold deposit all their money into banks, and banks keep a 10% reserve ratio, how many dollars is the quantity of money?