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Business, 09.12.2021 16:50 dathanboyd

Assume the Fed is trying to decide whether to lower the required reserve ratio to 8%. Currently, the required reserve ratio is 10%. If banks keep no excess reserves, how much more would the money supply increase if the Fed lowers the reserve ratio when someone deposits $500 into a checking account

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Assume the Fed is trying to decide whether to lower the required reserve ratio to 8%. Currently, the...

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