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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.
Social Order
The system of organized and patterned social arrangements and structures that inform the behavior and expectations of members within a society.
Ontologies
In philosophy, refers to the study of being or existence, and in computer science, a structured framework for organizing information or knowledge.
Hinduism
Ancient religion of India that stresses the unity of all being and the ideal of oneness with ultimate reality.
Buddhism
A spiritual tradition and religion founded on the teachings of Buddha, focusing on personal spiritual development and the attainment of a deep insight into the true nature of life.
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