Question
Consider an individual who immigrates to Canada and deposits $5,000 into the Canadian banking system. Suppose that all commercial banks have a target reserve
Consider an individual who immigrates to Canada and deposits $5,000 into the Canadian banking system. Suppose that all commercial banks have a target reserve ratio of 5 percent and that individuals do not hold any cash from the loans borrowed from the banking system. The eventual total change in deposits of the banking system after this impact is $ 100000 The eventual total change in reserves of the banking system after this impact is $ The eventual total change in loans of the banking system after this impact is $
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Macroeconomics
Authors: Christopher T S Ragan
15th Edition
013391044X, 978-0133910445
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