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Business, 07.12.2019 07:31 2024daisjavien
In macroland there is $12,000,000 in currency. the public holds half of the currency and banks hold the rest as reserves. if banks' desired reserve/deposit ratio is 12.5%, deposits in macroland equal and the money supply equals
a.$48,000,000; $75,000,000
b.$54,000,000; $54,000,000
c.$48,000,000; $54,000,000
d.$96,000,000; $96,000,000
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In macroland there is $12,000,000 in currency. the public holds half of the currency and banks hold...
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