Business, 28.12.2019 02:31 alexandriacatro9419

If banks hold no excess reserves, checkable deposits total $1.5 billion, currency totals $400 million, and the required reserve ratio is 10%, then the monetary base equals

a. $550 million.
b. $1.54 billion.
c. $1.9 billion
d. $15 billion.

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If banks hold no excess reserves, checkable deposits total $1.5 billion, currency totals $400 millio...