Macroeconomics 12th Edition by Michael Parkin

تمرين 5

In the economy of Nocoin, bank deposits are $300 billion. Bank reserves are $15 billion, of which two thirds are deposits with the central bank. Households and firms hold $30 billion in bank notes. There are no coins. Calculate
a. The monetary base and quantity of money.
b. The banks' desired reserve ratio and the cur­rency drain ratio (as percentages).