Last Year,the Currency-Deposit Ratio Was 0

question 9

Essay

Last year,the currency-deposit ratio was 0.2 and the reserve-deposit ratio was 0.2.Over the past year,the public changed its currency-deposit ratio,to which the Fed responded by reducing the reserve-deposit ratio to 0.15,to keep the money supply from changing and keeping the same monetary base.Calculate the new currency-deposit ratio.Show your work.

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Definitions:

Facial Expressions

Elements of human nonverbal communication that involve movements or positions of the face to convey emotional states or reactions.

Sighted Athletes

Individuals who engage in sports activities and do not have visual impairments, contrasting with visually impaired or blind athletes.

Behavioural Component

The aspect of attitude that involves the way one acts or behaves towards an object or situation.

Laughing Uncontrollably

An involuntary reaction of laughing excessively without the ability to stop, often triggered by humor, certain stimuli, or sometimes neurological conditions.