Question
The level of bank deposits is $5738 and the level of loans is $3877. If banks hold no excess reserves, what is the reserves
The level of bank deposits is $5738 and the level of loans is $3877. If banks hold no excess reserves, what is the reserves requirement? Express your answer in percentages, rounded to 2 decimals.
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Economics A Contemporary Introduction
Authors: William A. McEachern
11th Edition
1305505468, 9781305505469
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