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please solve it in 10 mins I will thumb you up Recall that money supply consists of currency plus some bank deposits. Suppose that checkable
please solve it in 10 mins I will thumb you up
Recall that money supply consists of currency plus some bank deposits. Suppose that checkable deposits (demand deposits) are the only kind deposits in the banking system. What will happen in a month if employees in the country receive their paychecks from their employers and deposit them in their bank deposit accounts? Money supply will increase but total bank reserves will remain the same. Both money supply and total bank reserves will increase. Money supply remain the same but total bank reserves will increase. Both money supply and total bank reserves will remain the sameStep by Step Solution
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