Chinas central bank raised its reserve ratio requirement by one percentage point to 17.5 percent by June
Question:
a. Compare the required reserve ratio in China and in the United States.
b. Explain how raising the required reserve ratio changes the interest rate in the short run and draw a graph to illustrate the change.
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Step by Step Answer:
a The required reserve ratios in China are much higher than those set by the F...View the full answer
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Related Book For 
Macroeconomics Canada in the Global Environment
ISBN: 978-0321778109
8th edition
Authors: Michael Parkin, Robin Bade
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