# If deposits in the banking system are $540, while the reserve ratio is 0.2 and the currency to deposit ratio is 0.09, then: a) Calculate the total demand for high powered money. b) Calculate the money multiplier. Question If deposits in the banking system are$540, while the reserve ratio is 0.2 and the currency to deposit ratio is 0.09, then:

a) Calculate the total demand for high powered money.

b) Calculate the money multiplier.