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#13 The balance sheet of the central bank shows the following (all measured in millions of domestic currency): Currency held by the public: 240 Currency held by other depository corporations (ODCs) that is cash in vaults: 30 Liabilities to ODCs: 170 Liabilities to the rest of the economy included in Broad Money: 0 Government deposits: 70 Central bank holdings of government debt: 370

#13 The balance sheet of the central bank shows the following (all measured in millions of domestic currency): Currency held by the public: 240 Currency held by other depository corporations (ODCs) that is cash in vaults: 30 Liabilities to ODCs: 170 Liabilities to the rest of the economy included in Broad Money: 0 Government deposits: 70 Central bank holdings of government debt: 370

Brief Principles of Macroeconomics (MindTap Course List)
Brief Principles of Macroeconomics (MindTap Course List)
8th Edition
ISBN:9781337091985
Author:N. Gregory Mankiw
Publisher:N. Gregory Mankiw
Chapter11: The Monetary System
Section: Chapter Questions
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#13 The balance sheet of the central bank shows the following (all measured in millions of domestic currency): Currency held by the public: 240 Currency held by other depository corporations (ODCs) that is cash in vaults: 30 Liabilities to ODCs: 170 Liabilities to the rest of the economy included in Broad Money: 0 Government deposits: 70 Central bank holdings of government debt: 370 Claims on ODCs: 120 Claims on other domestic economic sectors: 0 Other items net: -20 Reserve assets: 50 Other foreign assets: 2 Other foreign liabilities: 12 a) Compute currency issued b) c) Compute the Monetary Base (MB) Compute net claims on the government d) Compute net domestic credit e) Compute Net Domestic Assets (NDA) f) Compute Net Foreign Assets (NFA) g) Verify that NFA +NDA = MB.
Transcribed Image Text:#13 The balance sheet of the central bank shows the following (all measured in millions of domestic currency): Currency held by the public: 240 Currency held by other depository corporations (ODCs) that is cash in vaults: 30 Liabilities to ODCs: 170 Liabilities to the rest of the economy included in Broad Money: 0 Government deposits: 70 Central bank holdings of government debt: 370 Claims on ODCs: 120 Claims on other domestic economic sectors: 0 Other items net: -20 Reserve assets: 50 Other foreign assets: 2 Other foreign liabilities: 12 a) Compute currency issued b) c) Compute the Monetary Base (MB) Compute net claims on the government d) Compute net domestic credit e) Compute Net Domestic Assets (NDA) f) Compute Net Foreign Assets (NFA) g) Verify that NFA +NDA = MB.
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