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What is Money Supply and Currency Ratios about?
The document discusses money supply and banking concepts. It defines the money supply multiplier as the ratio of money supply to monetary base. Money supply (M) equals deposits (D) plus currency (CU). The monetary base consists of bank reserves (R) and currency. The money multiplier depends inversely on the required reserve ratio and currency deposit ratio. Central banks can influence monetary base and money supply through tools like open market operations, reserve requirements, and interest rates.
- Author
- Manish Jaiswal
- Language
- EN