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Suppose Chandler changes his $1,000 demand deposit from Bank A to Bank B. If the reserve ratio is 10 percent, what is the potential change
Suppose Chandler changes his $1,000 demand deposit from Bank A to Bank B. If the reserve ratio is 10 percent, what is the potential change in demand deposits as a result of Chandler's action? a. $0 b. $9,000 c. $1,000 d. $10,000
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Economics
Authors: John Sloman, Alison Wride
7th edition
978-027372130, 273721305, 978-0273721307
