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Assume That Banks Hold No Excess Reserves and the Public

question 53

Essay

Assume that banks hold no excess reserves and the public does not change their currency holdings.If currency is $800,total bank reserves are $2,000,and checkable deposits are $20,000,then
(a).what is the monetary base?

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Definitions:

Sialoadenitis

Inflammation of the salivary glands, often caused by infection, autoimmune diseases, or obstruction, leading to pain, swelling, and sometimes fever.

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A broad category of diseases and conditions that affect the liver's function and health.

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A condition where the tissue lining the esophagus changes due to repeated exposure to stomach acid, increasing the risk of developing esophageal adenocarcinoma.

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