Question
If the CIBC pays $1000 from its reserves, its target reserve ratio will then be below its target rate of 5 percent, If CIBC keeps
If the CIBC pays $1000 from its reserves, its target reserve ratio will then be below its target rate of 5 percent, If CIBC keeps its reserves at the new level, its deposits must fall by an additional _____ to restore the 5 percent target reserve ratio.
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Economics Today The Macro View
Authors: Roger LeRoy Miller
19th Edition
0134478762, 978-0134478760
