Business, 30.03.2020 22:12 notmclovinyou

Suppose the Fed requires banks to hold 9 percent of their deposits as reserves. A bank has $18,000 of excess reserves and then sells the Fed a Treasury bill for $9,000. How much does this bank now have to lend out if it decides to hold only required reserves?

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Suppose the Fed requires banks to hold 9 percent of their deposits as reserves. A bank has $18,000 o...