on 1 Problems (14 Marks) 1. If the currency in circulation is AED 450 billion, deposits are AED 5,625 billion and the ba

[answerhappygod]

On 1 Problems 14 Marks 1 If The Currency In Circulation Is Aed 450 Billion Deposits Are Aed 5 625 Billion And The Ba 1 (128.91 KiB) Viewed 17 times

on 1 Problems (14 Marks) 1. If the currency in circulation is AED 450 billion, deposits are AED 5,625 billion and the banks reserves at the central bank are AED 175 billion. Calculate the currency drain (2 Marks) ratio. 2. If the currency in circulation is AED 10 billion and deposits at banks are AED 55 billion and AED 4.5 billion. Calculate (quantity of money) the value of the money supply (2 Marks) reserves are 3. If the required reserves at the central bank are AED 170 billion, while the currency in circulation is AED 145 billion and deposits are AED 2,510 billion. Calculate the required reserve ratio (2 Marks) 4. In year one, nominal GDP is $5,000, while real GDP is $4,500. In year two, nominal GDP is $5,500, while real GDP is $4,800. What was the growth rate of real GDP between years one and two? (2 Marks)