Business
Business, 11.02.2020 20:00, bluepanda21

Suppose the banking system has $40 billion in reserves. Also assume that there are no cash leakages or excess reserves. If the central bank lowers the required reserve ratio from 20 percent to 16 percent, the money supply will:

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Suppose the banking system has $40 billion in reserves. Also assume that there are no cash leakages...

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