Multiple Choice
The Fed changes reserve requirements from 10 percent to 14 percent,thereby eliminating $750 million in excess reserves. The total change in deposits (with no drains) would be (rounded)
A) $7.917 billion.
B) $6.630 billion.
C) $5.357 billion.
D) $4.934 billion.
E) None of these choices are correct.
Correct Answer:
Verified
Correct Answer:
Verified
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