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The required reserve ratio is 5%. According to the simple deposit multiplier,what is the change in total checkable deposits in the banking system (in millions
The required reserve ratio is 5%.
According to the simple deposit multiplier,what is the change in total checkable deposits in the banking system (in millions of $)if the amount of reserve decreases by $140million?
Round your answer to at least 2decimal places.An increase should be entered as a positive number and a decrease should be entered as a negative number.(E.g.A decreaseof$12,345,678shouldbe entered as -12.35)
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