The currency-deposit ratio in Genovia is 0.5. The Genovian Reserve Bank carries out open market operations, purchasing R1 million worth of bonds from commercial banks.
The currency-deposit ratio in Genovia is 0.5. The Genovian Reserve Bank carries out open market operations, purchasing R1 million worth of bonds from commercial banks. This action increased the money supply by R2 million. What is the reserve- deposit ratio? Select one: O a. 0.4. O b. 0.5. O C. 0.25. O d . 4
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