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No idea how to even start this one, appreciate the help. Suppose that South Holland Bank has checkable deposits of $460,000 and they operate with
No idea how to even start this one, appreciate the help.
Suppose that South Holland Bank has checkable deposits of $460,000 and they operate with zero excess reserves. Ifthe Fed increases the reserve requirement from 10% to 12%, by how much will the bank's reserves change?
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