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14 Aug 2018
7 - Suppose the banking system has $1000 million worth of checkable deposits.The reserve requirement is 10%.
A - What ultimately happens to the money supply if the fed cuts the reserve requirement to 8%?
B - What ultimately happens to the money supply if the Fed increases the reserve requirement to 15%?
7 - Suppose the banking system has $1000 million worth of checkable deposits.The reserve requirement is 10%.
A - What ultimately happens to the money supply if the fed cuts the reserve requirement to 8%?
B - What ultimately happens to the money supply if the Fed increases the reserve requirement to 15%?
2 Jun 2021
