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Vault cash is equal to $2 million, deposits by depository institutions at the central bank are $3 million, the monetary base is $15 million, and bank deposits are $35 million. Currency held by the nonbank public is $ million I

Vault cash is equal to $2 million, deposits by depository institutions at the central bank are $3 million, the monetary base is $15 million, and bank deposits are $35 million. Currency held by the nonbank public is $ million I

Macroeconomics
Macroeconomics
13th Edition
ISBN:9781337617390
Author:Roger A. Arnold
Publisher:Roger A. Arnold
Chapter12: Money, Banking And The Financial System
Section: Chapter Questions
Problem 12QP
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Vault cash is equal to $2 million, deposits by depository institutions at the central bank are $3 million, the monetary base is $15 million, and bank deposits are $35 million. Currency held by the nonbank public is $ million I
Transcribed Image Text:Vault cash is equal to $2 million, deposits by depository institutions at the central bank are $3 million, the monetary base is $15 million, and bank deposits are $35 million. Currency held by the nonbank public is $ million I
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