3. If the reserve ratio is 1 /4 and the central bank increases the quantity of reserves...

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3. If the reserve ratio is 1 /4 and the central bank increases the quantity of reserves in the banking system by $120, the money supply increases by what amount?

a. $90

c. $160

b. $150

d. $480

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Principles Of Macroeconomics

ISBN: 9780176591977

7th Canadian Edition

Authors: N. Mankiw, Ronald Kneebone, Kenneth McKenzie

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Question Posted: Sep 28, 2024 07:03 AM

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Principles Of Macroeconomics

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