In the following data table, calculate the amount of excess reserves and the monetary base and then use the table to answer the questions that follow….

In the following data table, calculate the amount of excess reserves and the monetary base and then use the table to answer the questions that follow.

Category

Value

(Billions of Dollars)

Currency, 

C 550.00Deposits, 

D200.00

Reserves, 

R31.00

Required Reserves, RR28.00

Excess Reserves 31-28=3

Monetary Base 550+31=581

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