Business, 22.11.2019 06:31 lberries08

Suppose you have $8000 in your checking account. you withdraw $500 cash from your account and hide it under your pillow for future use. if the required reserve ratio is 10%, then what will be the maximum impact on money supply today as a result of your action?

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Suppose you have $8000 in your checking account. you withdraw $500 cash from your account and hide i...