Question
Say that the Federal Reserve Bank purchases $6000 worth of securities from Bank A. If the resulting increase in deposits in the total economy is
Say that the Federal Reserve Bank purchases $6000 worth of securities from Bank A. If the resulting increase in deposits in the total economy is $150,000, then according to the simple deposit multiplier formula, what is the required reserve ratio?
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Dynamic Business Law
Authors: Nancy Kubasek
1st Edition
0073524913, 9780073524917
