Question
Assume the Fed has a 50% required reserve ratio. The amount of check-able deposits that can be supported by $10 million in required reserves is
Assume the Fed has a 50% required reserve ratio. The amount of check-able deposits that can be supported by $10 million in required reserves is equal to _______________million. (Hint: Assume banks hold zero excess reserves.)
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Econometric Analysis Of Cross Section And Panel Data
Authors: Jeffrey M Wooldridge, J M Wooldridge
2nd Edition
0262232588, 9780262232586
