Suppose that at the end of December 2005, the monetary base in Canada is $60 billion, Bank

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Suppose that at the end of December 2005, the monetary base in Canada is $60 billion, Bank of Canada notes are $55 billion, and there is $2 billion of coins. What are the reserves of the Canadian banks at the Bank of Canada?
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Foundations of Macroeconomics

ISBN: 978-0132831000

6th edition

Authors: Robin Bade, Michael Parkin

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