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The mandatory reserve coefficient (CRO) is 15% and the initial balance sheet of the ECO1502 bank is: Loans: Liabilities: deposits $2000 Calculate the desired, excess,
The mandatory reserve coefficient (CRO) is 15% and the initial balance sheet of the ECO1502 bank is: Loans: Liabilities: deposits $2000 Calculate the desired, excess, total reserves and money creation (loans) values of this bank only. Calculate the total amount of money created in the economy after the initial deposit of $2,000
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Macroeconomics Principles Applications and Tools
Authors: Arthur O'Sullivan, Steven Sheffrin, Stephen Perez
9th edition
978-0134089027, 134089022, 978-0134420684
