You have the following information for an economy: Current account deposits: $8,000,000 Saving account deposits: $4,000,000 Commercial banks deposits at the Central Bank: $1,000,000 Cash in circulation: $6,000,000 Find the values for the following: Write the numbers in the answer in the format of 6.000,000 and 12,000,000 (without the $ sign but using commha , as the separator). Base/Reserve Money: Bank Money: MO: M1: M2:

You have the following information for an economy: Current account deposits: $8,000,000 Saving account deposits: $4,000,000 Commercial banks deposits at the Central Bank: $1,000,000 Cash in circulation: $6,000,000 Find the values for the following: Write the numbers in the answer in the format of 6.000,000 and 12,000,000 (without the $ sign but using commha , as the separator). Base/Reserve Money: Bank Money: MO: M1: M2:

Macroeconomics: Private and Public Choice (MindTap Course List)

16th Edition

ISBN:9781305506756

Author:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson

Publisher:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson

Chapter13: Money And The Banking System

Section: Chapter Questions

Problem 17CQ

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