If reserves decrease by $3 million and the required reserve ratio is 8 percent, what is the

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If reserves decrease by $3 million and the required reserve ratio is 8 percent, what is the change in the money supply? What does the simple deposit multiplier equal?

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Economics

ISBN: 978-1285738321

12th edition

Authors: Roger A. Arnold

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Question Posted: Feb 12, 2016 07:26 AM

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If reserves decrease by $3 million and the required reserve ratio is 8 percent, what is the

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