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QUESTION 8 Suppose the reserve ratio is 1 0 % for all banks. If the Fed increases bank reserves by $ 6 million, then the

QUESTION

8

Suppose the reserve ratio is

10 %

for all banks. If the Fed increases bank reserves by $

6

million, then the money supply will...

increase by $

60

million

increase by $

600

thousand

decrease by $

60

million

decrease by $

600

thousand

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