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Bank reserves are 200, the public holds 400 in currency, and the desired reserve-deposit ratio is 0.20. Find deposits and the money supply.
Bank reserves are 200, the public holds 400 in currency, and the desired reserve-deposit ratio is 0.20. Find deposits and the money supply.
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First lets understand what the terms mean 1 Bank Reserves These are the funds that a bank keeps on ...
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Principles of Economics
Authors: Robert Frank, Ben Bernanke
5th edition
73511404, 978-0073511405
