Question
Assume that the reserve requirements ratio is 15%. An initial increase of $150 million demand deposit could result in a maximum change in the money
Assume that the reserve requirements ratio is 15%. An initial increase of $150 million demand deposit could result in a maximum change in the money supply of __________ ?
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Entrepreneurial Finance
Authors: Gary E. Gibbons, Robert D. Hisrich, Carlos Marques DaSilva
1st Edition
1452274177, 978-1452274171
