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If Reserves Increase by $12 Billion,what Is the Difference in the Resulting

Question 27

Multiple Choice

If reserves increase by $12 billion,what is the difference in the resulting change in checkable deposits when the required reserve ratio is 10 percent compared to when it is 8 percent?


A) $15 billion
B) $30 billion
C) $2.4 billion
D) $24 billion

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