Go to the St. Louis Federal Reserve FRED database and find the most currently available data on

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Go to the St. Louis Federal Reserve FRED database and find the most currently available data on Currency (CURRNS), Total Checkable Deposits (TCDSL), Total Reserves (RESBALNS), and Required Reserves (RESBALREQ).

a) Calculate the value of the currency deposit ratio, c.

b) Use RESBALNS and RESBALREQ to calculate the amount of excess reserves, then calculate the value of the excess reserve ratio, er.

c) Assuming the required reserve ratio, rr, is equal to 11%, calculate the value of the money multiplier m.

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Macroeconomics Policy And Practice

ISBN: 978-0133424317

2nd Edition

Authors: Frederic Mishkin

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Question Posted: Feb 17, 2024 11:01 PM

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Go to the St. Louis Federal Reserve FRED database and find the most currently available data on

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Macroeconomics Policy And Practice

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