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Compute the impact on the money multiplier of an increase in the currency-to-deposit ratio from 9 percent to 11 percent when the reserve requirement is

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Compute the impact on the money multiplier of an increase in the currency-to-deposit ratio from 9 percent to 11 percent when the reserve requirement is 8 percent of deposits, and banks' desired excess reserves are 3 percent of deposits. Instructions: Enter your responses rounded to two decimal places. When desired currency holdings - 9% of deposits, m= When desired currency holdings - 11% of deposits, m= Il

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