In the following data table, calculate the amount of excess reserves and the monetary base and then use the table to answer the questions that follow.
Category
Value
(Billions of Dollars)
Currency,
C 550.00Deposits,
D200.00
Reserves,
R31.00
Required Reserves, RR28.00
Excess Reserves 31-28=3
Monetary Base 550+31=581
- What is the currency ratio
- What is the required reserve ratio
- What is the excess reserve ratio
- What is the money supply multiplier