The economy of Elmendyn contains 2,000 $1 bills. a. If people hold all money as currency, what is the quantity of money? b. If people hold all money as demand deposits and banks maintain 100 percent reserves, what is the quantity of money? c. If people hold equal amounts of currency and demand deposits and banks maintain 100 percent reserves, what is the quantity of money? d. If people hold all money as demand deposits and banks maintain a reserve ratio of 10 percent, what is the quantity of money? e. If people hold equal amounts of currency and demand deposits and banks maintain a reserve ratio of 10 percent, what is the quantity of money?

Class: DSCI 2710 Reminders: Date: 10/6//16 Exam #2 on 10/18/16 Topic Covered: Binomial Dist. Don’t forget to do your online chapter Created By: Max Miller work!! Binomial Distributions Video! Check out this video! (not my video, or Dake’s) Notes:___________________________________________________ For this unit, Prof. Dake recommends that you use the tables to solve the problems. He said that you can use your calculator if you want to, but the reason that he recommends the use of the Binomial Tables is because it helps you get a feel for the numbers. Also, for this topic, there is a lot of math and equations, so I am inclu