6. In a system of fractional-reserve banking, even without any action by the central bank, the money

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6. In a system of fractional-reserve banking, even without any action by the central bank, the money supply declines if households choose to hold______ currency or if banks choose to hold_____excess reserves.

a. more, more

c. less, more

b. more, less

d. less, less

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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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6. In a system of fractional-reserve banking, even without any action by the central bank, the money

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Principles Of Macroeconomics

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