Business, 23.11.2019 03:31, paulusl19

Assume the fed is trying to decide whether to lower the required reserve ratio to 7%. currently, the required reserve ratio is 10%. if banks keep no excess reserves, how much more would the money supply increase if the fed lowers the reserve ratio when someone deposits $300 into a checking account?

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Assume the fed is trying to decide whether to lower the required reserve ratio to 7%. currently, the...