Business, 20.11.2019 01:31 jakiyahporter0817

If the reserve requirement is 20 percent, and banks keep no excess reserves, an increase in an initial inflow of $100 into the banking system will cause an increase in the money supply
a. $20.
b. $50.
c. $100.
d. $500.

Answers: 1

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If the reserve requirement is 20 percent, and banks keep no excess reserves, an increase in an initi...