6. Suppose that the banking system in Canada has a required reserve ratio of 10 percent while...
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6. Suppose that the banking system in Canada has a required reserve ratio of 10 percent while the banking system in the United States has a required reserve ratio of 20 percent. In which country would $100 of initial excess reserves be able to cause a larger total amount of money creation? LO35.4
a. Canada.
b. United States
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