Find money supply and level of reserves of financial sheet


Monetary aggregate of the US financial sheet

Item
Cash held by public: $30 billion
Transaction deposits: $75 billion
Required reserves: $15 billion
Excess Reserves $0
US bonds held by public $125 billion

The money supply (MI) IN THE ABOVE DATA IS

A) $105 billion
B) $30 billion
C) $70 billion
D) 125 billion

Also what is level of reserves for this question?

Request for Solution File

Ask an Expert for Answer!!
Microeconomics: Find money supply and level of reserves of financial sheet
Reference No:- TGS058137

Expected delivery within 24 Hours