The monetary base (H) is $1000; the current ratio is 10%; Reserve ratio is 10%
I need to find Total Money, Deposits, Reserves, Currency and in Loans
I figured out total money by
M (total money) = {(1 + Current Ratio) / (Current Ratio + Reserve Ratio)} x (monetary base)
I got the answer $5,500
I do not know how to figure out the rest.
Please help. Thanks