Question
Assume banks hold no excess reserves. Assume the required reserve ratio is 0.15. If you take $1,000 from under your mattress currently and deposit it
Assume banks hold no excess reserves. Assume the required reserve ratio is 0.15. If you take $1,000 from under your mattress currently and deposit it into your checking account, what would be impact on the money supply?
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Macroeconomics
Authors: David Colander
8th edition
978-0078004407, 78004403, 978-0077247171, 77247175, 978-0077307110
