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Macroeconomics 10th Edition by Roger Arnold
Edition 10ISBN: 978-1111823016Macroeconomics 10th Edition by Roger Arnold
Edition 10ISBN: 978-1111823016 Exercise 7
The required reserve ratio is 9 percent, required reserves are $10 million, and (total) reserves are $50 million. What do excess reserves equal? What do checkable deposits equal?
Explanation
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The bank must hold a certain fraction of...
Macroeconomics 10th Edition by Roger Arnold
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