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Macroeconomics 10th Edition by Roger Arnold
Edition 10ISBN: 978-1111823016Macroeconomics 10th Edition by Roger Arnold
Edition 10ISBN: 978-1111823016 Exercise 3
Checkable deposits are $50 million, and required reserves are $4 million. What is the required reserve ratio?
Explanation
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The bank must hold a certain fraction of...
Macroeconomics 10th Edition by Roger Arnold
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