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bank which must hold 100 percent reserves opens in an economy that had no banks and a currency of $150. If customers deposit $50 into the bank, what is the value of the money supply

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abiolataiwo2015

Assuming the reserves opens in an economy that had no banks and a currency of $150.The value of the money supply is $150.

What is money supply?

Money supply can be defined as the flow of money or amount of money that is in circulation  in a country at a particular period of time.

Since the bank hold 100% reserve and a currency of $150 the value of the money supply will be $150.

Therefore the value of the money supply is $150.

Learn more about money supply here:https://brainly.com/question/16294580

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