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Business, 01.12.2020 17:00 smarty5187

Consider the following data: Reserve requirement 8%
Currency in circulation $1,400 billion
Deposits $2,200 billion
Excess reserves $2,500 billion
What would be the increase in M1 if the money base increases by $250 million?
a) $409 million
b) $338 million
c) $221 million
d) $218 million

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Consider the following data: Reserve requirement 8%
Currency in circulation $1,400 billion
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