You are given the following information on the banking system.
Excess reserve ratio e = 0.00
Compute the simple deposit and money multipliers.
Definitions:
Capital Projects Funds
Governmental accounting funds used to account for financial resources that are allocated for the acquisition or construction of major capital assets by a government, except those financed by proprietary funds.
Debt Service Funds
Governmental funds used to account for the accumulation of resources for, and the payment of, long-term debt principal and interest.
Restricted
Refers to funds or assets that are earmarked for specific purposes and cannot be used for general expenditures.
Nonspendable
Funds not available for spending because they are legally or contractually required to remain intact.
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