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A $3,000 deposit increases the money supply by $20,000. If banks are holding excess reserves of 5%, what is RRR?
A $3,000 deposit increases the money supply by $20,000. If banks are holding excess reserves of 5%, what is RRR?
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Managerial Economics Applications, Strategies and Tactics
Authors: James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris
13th edition
1285420926, 978-1285962399, 978-1285947853, 1285947851, 978-1285420929
