katelynnmay03 katelynnmay03

20-02-2024
Business

Answered

Due to the pressure of high inflation, suppose the Fed aims to lower total money supply (M)
by 10% (or as 90% of the current level) by the end of next year. In order to achieve this target,
the Fed decides to double the current reserve deposit ratio (rr). The currency deposit ratio (cr)
remains at the same level of 0.2. Given the new M and rr, calculate the values of currency (C),
deposit (D), reserves (R), reserve deposit ratio (rr) and money multiplier (m) in next year.

Answer :

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