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Scenario: Holding Cash Suppose that the public holds 50% of the money supply in currency, that the reserve requirement is 20%, and that banks hold
Scenario: Holding Cash Suppose that the public holds 50% of the money supply in currency, that the reserve requirement is 20%, and that banks hold no excess reserves. If a customer deposits $6,000 in her checking account, required reserves will increase by: O $3,000. $1,200. O $0. $6,000
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Economics
Authors: Campbell R. McConnell, Stanley L. Brue, Sean M. Flynn
18th edition
978-0077413798, 0-07-336880-6, 77413792, 978-0-07-33688, 978-0073375694
