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There is $5,000,000 of currency in Econland, all held by banks as reserves. The public does not hold any currency. If the banks' desired reserve/deposit ratio is 0.25, then the money supply equals:

Respuesta :

The optimal reserve/deposit ratio for banks is 0.25, meaning that the money supply is $20,000,000.

How many different kinds of currencies exist?

In General Assembly (UN) national governments, UN General Assembly ou pas observer nations, largely recognized or unrecognized governments, and their dependent entities, 180 currencies are recognized as legal money.

Why is the US dollar so powerful?

Because of the Fed's aggressive monetary policy in reaction to soaring inflation, the U.S. greenback is strengthening. There at November FOMC meeting, it increased the fed funds rate from a range of 3.75 to 4% from where it was at the start of 2022, which was close to zero.

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