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The economy of Karamania (a hypothetical country) contains 2000 $1 bills. If people hold all the money as demand deposits in the bank and banks
The economy of Karamania (a hypothetical country) contains 2000 $1 bills. If people hold all the money as demand deposits in the bank and banks maintain a reserve ratio of 20 percent, what is the quantity of money? Question 3 options: 5,000 10,000 20,000 15,000
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Macroeconomics Principles and Applications
Authors: Robert e. hall, marc Lieberman
5th edition
1111397465, 9781439038970, 1439038988, 978-1111397463, 143903897X, 9781439038987, 978-1133265238
