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In the economy of nocoin bank deposits are 300 billion bank

In the economy of Nocoin, bank deposits are 300 billion, bank reverse are 15 billion of which two-thirds are deposit with the central bank. Household and firm hold 30 billion in bank notes. There are no coins. Caculate:

a. The money base and quantity of money

b. The bank's desired reserve ratio and the currency drain ratio( as percentage)

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Business Economics: In the economy of nocoin bank deposits are 300 billion bank

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Business Economics: In the economy of nocoin bank deposits are 300 billion bank

Reference No:- TGS02741982

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