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If the reserve ratio is 12.5 percent, how much new money can a $1000 deposit create? (1 mark) a.$800b.$8000 c.$80,000d. $800,000
If the reserve ratio is 12.5 percent, how much new money can a $1000 deposit create? (1 mark)
a.$800b.$8000
c.$80,000d. $800,000
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Macroeconomics Canada in the Global Environment
Authors: Michael Parkin, Robin Bade
8th edition
321778103, 978-0321808370, 321808371, 978-0321778109
