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Suppose that required reserve ratio is 0 . 1 2 , currency ratio is 0 , 6 and excess reserve ratio is 0 , 0

Suppose that required reserve ratio is

0.12,

currency ratio is

0, 6

and excess reserve ratio is

0, 03 .

If Central Bank decreases the monetary base

5

billion, by how much does the money

supply fall?

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