*7. Some experts have suggested that reserve requirements on checkable deposits and time deposits should be set...
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*7. Some experts have suggested that reserve requirements on checkable deposits and time deposits should be set equal because this would improve control of M2. Does this argument make sense? (Hint: Look at the second appendix to this chapter and think about what happens when checkable deposits are converted into time deposits or vice versa.)
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The Economics Of Money Banking And Financial Markets
ISBN: 9780321122353
7th Edition
Authors: Frederic S. Mishkin
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