Business, 02.11.2019 04:31 bankroll42

Suppose the reserve requirement is 15%. what is the effect on total checkable deposits in the economy if bank reserves increase by $60 billion?
a. $400 billion increase
b. $4 billion increase
c. $60 billion increase
d. $900 billion increase

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Suppose the reserve requirement is 15%. what is the effect on total checkable deposits in the econom...