Question: Use the following data to answer the below question Required reserve ratio is 10% Checkable deposits $1000 Savings Deposits $195 Total reserves $121 Currency held

Use the following data to answer the below question Required reserve ratio is 10% Checkable deposits $1000 Savings Deposits $195 Total reserves $121 Currency held by the public $86 What is the level of required reserves? What is the level of excess reserves? What is the value of the monetary base $1 ? What is the currency ratio? /Round answer to 2 decimal places/ What is the money multiplier? Round anwer to 2 decimal places/

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