Business, 27.04.2021 15:00 damian11154
Suppose that the public holds 50% of the money supply in currency and the reserve requirement is 20%. Banks hold no excess reserves. A customer deposits $6,000 in her checkable deposit. Assume that after receiving the deposit, the bank lends out its excess reserves. When the loan is spent, of the loan will be a checkable deposit and will be held by the public as cash. $6,000; $0
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Suppose that the public holds 50% of the money supply in currency and the reserve requirement is 20%...
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World Languages, 18.12.2019 20:31
