in macroland there is $12,000,000 in currency. the public holds 60% of the currency and banks hold the rest as reserves. if banks' desired reserve/deposit ratio is 25.0 percent, deposits in macroland equal and the money supply equals .

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24-11-2022
Mathematics

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in macroland there is $12,000,000 in currency. the public holds 60% of the currency and banks hold the rest as reserves. if banks' desired reserve/deposit ratio is 25.0 percent, deposits in macroland equal and the money supply equals .

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qwterabite qwterabite · Answer 1 · 2022-11-28T16:47:54+01:00

If banks' desired reserve/deposit ratio is 25.0 percent, deposits in macro land are $28800000 and the money supply is $36000000

The deposit ratio is the rate sum of money (stores) that commercial banks must not loan out or invest, the reserve ratio is as a rule fixed by the central banks to control inflation and the volume of cash in circulation inside a given country in a particular time.

Initial bank deposit= 60% of 12000000 = 7200000, The reserve/deposit will calculate as follows (25.0 /100%)=0.25 and If banks desired to keep 25.0 it deposit ratio will be : 1/0.25*7200000= 28800000

So the money supply will be the desired deposited :

=28800000+ 7200000 =36000000

To know more about money supply refer to the link https://brainly.com/question/28891105?referrer=searchResults.

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