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  • 15-02-2024
  • Business
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Assume an economy's monetary base is $800 and that currency is zero. All money is held as deposits at different banks. The reserve deposit ratio, rr, is 0.4 and banks do not have any excess reserves. What is the total amount of money supply in the economy?A) $200,B) $400,C) $800,D) $1,000

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