Business
Business, 14.05.2021 18:00, sav0119

Assume that the reserve-deposit ratio is 0.2. The Federal Reserve carries out open-market operations, purchasing $1,000,000 worth of bonds from banks. This action increased the money supply by $2,600,000. What is the currency-deposit ratio

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Assume that the reserve-deposit ratio is 0.2. The Federal Reserve carries out open-market operations...

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