Suppose that the federal reserve system set the required, Business Economics

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Suppose that the federal reserve system set the required

Suppose that the Federal Reserve System set the required reserve ratio equal to 0.2 and that the banking system holds ?$70 billion in excess reserves. If the amount of deposits is ?$3000 billion and the amount of currency holdings is ?$55 ?billion, then the currency ratio is ?

Referring to part? a, the excess reserve ratio is?

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