Business
Business, 05.05.2020 21:03, mochoa4

The banking system currently has $10 billion of reserves, none of which are excess. people hold deposits and no currency and the reserve requirement is 10%. if the fed raises the reserve requirement to 20% and as the same time buys $1 billion of bonds, then by how much does the money supply change?

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The banking system currently has $10 billion of reserves, none of which are excess. people hold depo...

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