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.
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