1.1 Suppose $10,000 in new dollar bills (never seen before) falls magically from the sky into the...
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1.1 Suppose $10,000 in new dollar bills (never seen before)
falls magically from the sky into the hands of Joanna Ferris. What are the minimum increase and the maximum increase in the money supply that may result?
Assume the required reserve ratio is 10 percent.
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Mehwish Aziz
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