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the total stock of money is currently $ 1 , 0 0 0 billion and the central bank wishes to decrease it to $ 8

the total stock of money is currently $

1, 000

billion and the central bank wishes to decrease it to $

800

billion. a Assume that nobody hoards cash and banks do not hold excess reserves. If the required reserve ratio is now

10 %,

what should it do

?

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