Question: Use the following data to answer the below question. Required reserve ratio is 10% Checkable deposits $900 Savings Deposits $181 Total reserves $188 Currency held

Use the following data to answer the below question.

Required reserve ratio is 10%

Checkable deposits $900

Savings Deposits $181

Total reserves $188

Currency held by the public $139

What is the level of required reserves? $90

What is the level of excess reserves? $98

What is the value of the monetary base $ 327

What is the currency ratio? (round to 2 decimals) 0.15

What is the money multiplier? (round to 2 decimals)

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